search query: @indexterm TERM STRUCTURE OF INTEREST RATES / total: 111
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Author: | Gerlach, S. |
Title: | The information content of the term structure: Evidence for Germany |
Journal: | Empirical Economics
1997 : VOL. 22:2, p. 161-179 |
Index terms: | TERM STRUCTURE OF INTEREST RATES INFORMATION INFLATION GERMANY |
Language: | eng |
Abstract: | This article investigates the usefulness of spreads between interest rates of different maturities as indicators of future inflation and real interest rates in Germany. The results show that the interest rate spreads considered contain considerable information about future changes in inflation but no information about the time path of real interest rates. The results show that the medium-term segment of the yield curve appears to be the most informative for future inflation. |
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