Financial Management White Papers
Measuring Equilibrium Real Interest Rates: What Can We Learn From Yields on Indexed Bonds?
Overview What does the level of the real interest rates tell one about where the economy, or one's portfolio, is headed? The answer to this question depends on one's estimate of the "equilibrium" value of real interest rates, a measure that is unfortunately not directly observed in the market place. This paper provides a brief overview of some of the existing approaches to defining and measuring equilibrium real rates and introduces a novel method based on yields on the U.S. Treasury's inflation-indexed securities (TIIS).
| Publisher | Federal Reserve Board | File Format | |
|---|---|---|---|
| Date Published | July 2001 | Downloads | 1 |
| Format | White Papers | ||
| Topics | |||
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