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 0165-1765Full text not available from this repository.
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.
|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
|Deposited On:||19 Jul 2012 16:40|
|Last Modified:||13 Jan 2016 14:29|
Actions (login required)