Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The policy anticipation hypothesis and the expected inflation hypothesis: Some new evidence using index linked bonds
AU - Peel, David
AU - Pope, Peter
AU - Paudyal, K.
PY - 1990/10
Y1 - 1990/10
N2 - 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.
AB - 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.
U2 - 10.1016/0165-1765(90)90230-X
DO - 10.1016/0165-1765(90)90230-X
M3 - Journal article
VL - 34
SP - 121
EP - 125
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 2
ER -