Bardong, Florian; Lehnert, Thorsten - In: Applied Economics Letters 15 (2008) 7, pp. 513-517
inefficiencies can be exploited by including inflation forecasts in trades on break-even inflation. Inspired by those results, we … test the informational content of inflation expectations using survey data generated by the Survey of Professional … Forecasters. We develop trading strategies speculating on the movement of break-even inflation. The results indicate that the …