The policy anticipation hypothesis and the expected inflation hypothesis: Some new evidence using index linked bonds

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

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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:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/researchoutput/libraryofcongress/hb
Subjects:
?? ECONOMICSFINANCEECONOMICS AND ECONOMETRICSHB ECONOMIC THEORY ??
ID Code:
55951
Deposited By:
Deposited On:
19 Jul 2012 15:40
Refereed?:
Yes
Published?:
Published
Last Modified:
21 Sep 2023 01:19