Gürkaynak, Refet S.; Sack, Brian; Wright, Jonathan H. - Federal Reserve Board (Board of Governors of the … - 2008
inflation compensation (or breakeven inflation rates) to be computed. We discuss the interpretation of inflation compensation … and its relationship to inflation expectations and uncertainty, offering some empirical evidence that these measures are … affected by an inflation risk premium that varies considerably at high frequency. In addition, we also find evidence that …