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- W2120073313 endingPage "479" @default.
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- W2120073313 abstract "The expectations theory of the term structure is well known to give wrong signals as to the future course of long-term interest rates. One explanation involves rational time-varying term premia. However, the “anomaly” may also be due to inflation forecast errors. We study survey forecasts of inflation. It seems that the respondents' forecasts are insufficiently adaptive. Interest rates reflect expectations similar to the inflation forecasts. As a result, past survey forecast errors reliably predict premia on U.S. Government Bonds." @default.
- W2120073313 created "2016-06-24" @default.
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- W2120073313 date "1992-12-01" @default.
- W2120073313 modified "2023-10-14" @default.
- W2120073313 title "Inflation Forecast Errors and Time Variation in Term Premia" @default.
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- W2120073313 doi "https://doi.org/10.2307/2331136" @default.
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