We examine the informational content of TIPS yields from the viewpoint of a general 3-factor no-arbitrage term structure model of inflation and interest rates.

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t

The great inflation of the 1970s in the developed countries provoked strong economic (and political) reactions. In finance, investors searched for ways to prote