Inflation-Indexed Bonds and the Expectations Hypothesis
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This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This
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美国国家经济研究局创建时间：
2011-03-01
