{"product_id":"9781288716999","title":"Finance and Economics Discussion Series: Deriving Inflation Expectations from Nominal and Inflation-Indexed Treasury Yields","description":"This paper derives a measure of inflation compensation from the yields of a Treasury inflation-indexed security and a portfolio of STRIPS that has similar liquidity and duration as the indexed security. This measure can be used as a proxy for inflation expectations if the inflation risk premium is small. The calculated measure suggests that the rate of inflation expected over the next ten years fell from just under 3% in mid-1997 to just under 1 3\/4% by early 1999, before rising back to about 2 1\/2% by the beginning of 2000. This variation is more extensive than would have been expected from a simple model of inflation dynamics or from a survey measure of long-run inflation expectations.","brand":"Bibliogov","offers":[{"title":"Default Title","offer_id":48534414983409,"sku":"9781288716999","price":15.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0674\/5433\/7265\/files\/9781288716999_p0.jpg?v=1786368307","url":"https:\/\/shop.barnesandnoble.com\/products\/9781288716999","provider":"Barnes \u0026 Noble","version":"1.0","type":"link"}