Peel, David and Pope, Peter and Paudyal, K. (1990) The policy anticipation hypothesis and the expected inflation hypothesis: Some new evidence using index linked bonds. Economics Letters, 34 (2). pp. 121-125. ISSN 0165-1765
Full text not available from this repository.Official URL: http://dx.doi.org/10.1016/0165-1765(90)90230-X
Abstract
Using price index linked and conventional bonds issued by the UK Government, estimates of expectedinflation and the expected real interest rate are derived. These estimates are employed to investigate the relationship between components of the nominal interest rate and surprise monetary change. The empirical results support the expectedinflationhypothesis rather than the policyanticipationhypothesis.
| Item Type: | Article |
|---|---|
| Journal or Publication Title: | Economics Letters |
| Subjects: | H Social Sciences > HB Economic Theory |
| Departments: | Lancaster University Management School > Economics Lancaster University Management School > Accounting & Finance |
| ID Code: | 55951 |
| Deposited By: | ep_importer_pure |
| Deposited On: | 19 Jul 2012 16:40 |
| Refereed?: | Yes |
| Published?: | Published |
| Last Modified: | 26 Jul 2012 20:45 |
| Identification Number: | |
| URI: | http://eprints.lancs.ac.uk/id/eprint/55951 |
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