The purpose of the present paper is twofold. First, it describes zero-coupon yield curve estimates for Germany from September 1972 to February 1996 using a variety of curve-fitting procedures. Second, these estimates are tested for their information content regarding future inflation.

Der vorliegende Beitrag verfolgt ein zweifaches Ziel. Erstens beschreibt er Schätzungen der Zinsstrukturkurven rur Deutschland von September 1972 bis Februar 1996 mit Hilfe verschiedener Spezifikationen. Zweitens werden diese Schätzungen verwendet, um den Informationsgehalt der...

The paper investigates the information content of yield curves regarding future inflation, using the example of the G-7 countries. The empirical results show substantial variation of results across countries, and a significant information content is identified for the United States, the United...

The purpose of the present paper is twofold. First, it describes zero-coupon yield curve estimates for Germany from September 1972 to February 1996 using a variety of curve-fitting procedures. Second, these estimates are tested for their information content regarding future inflation

The paper investigates the information content of yield curves regarding future inflation, using the example of the G-7 countries. The empirical results show substantial variation of results across countries, and a significant information content is identified for the United States, the United...

The paper investigates the information content of the German term structure regarding inflation, defined as the ability of the yield cure's slope to predict future changes in inflationrates. The empirical tests show that the German yield curve is informative in that sense, especially in its...