Graph investors long-term expected inflation rate since 2003 by subtracting from the 10-year U.S. Treasury bond yield

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Graph investors’ long-term expected inflation rate since 2003 by subtracting from the 10-year U.S. Treasury bond yield (FRED code: GS10) the yield on 10-year Treasury Inflation Protected Securities (FRED code: FII10). Do these market-based inflation expectations appear stable? Did the financial crisis of 2007-2009 affect these expectations?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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