The rocky ride of break-even inflation rates

被引：0

作者：

de Jong, Marielle ^{[1
]}

Cette, Gilbert ^{[2
,3
]}

机构：

[1] Sinopia Asset Management, Guatemala City, Guatemala

[2] Banque France, Paris, France

[3] Univ Mediterrannee, Marseille, France

来源：

ECONOMICS BULLETIN | 2008年 / 5卷

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The correlation matrix between break-even inflation rate movements and real interest rate movements across several countries shows puzzling features. Correlation is significantly positive for nearly all cross-border pairs whereas it is nil, positive or negative unsystematically within countries. By means of a correlation matrix decomposition, we give an explanation for this puzzle.

引用

页数：8