Real Return Bonds: Monetary Policy Credibility and Short-Term Inflation Forecasting

The difference between the yields on long-term Government of Canada conventional bonds and Real Return Bonds (RRBs), which is commonly referred to as the break-even inflation rate (BEIR), has long held out the potential of providing a unique, real-time, market-based measure of inflation expectations...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Bank of Canada Review 2004-10, p.15
Hauptverfasser:	Reid, Christopher, Dion, Frédéric, Christensen, Ian
Format:	Artikel
Sprache:	eng
Schlagworte:	Credibility Forecasting Government bonds Inflation Inflation rates Monetary policy Purchasing power Risk premiums Yield
Online-Zugang:	Volltext
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