Key points are not available for this paper at this time.
Carosio, Giovanni, and Ignazio Visco. Nota sulla Costruzione di un Tasso di Interesse Reale. Estratto dal Bollettino della Banca d'Italia 32 (Ottobre-Dicembre 1977), 797-811. Fama, Eugene F. Short-term Interest Rates as Predictors of Inflation. American Economic Review 65 (June 1975), 269-82. Fama, Eugene F. , and Andre Farber. Bonds and Foreign Exchange. American Economic Review 69 (September 1979), 639-49. Fischer, Stanley. Demand for Index Bonds. Journal of Political Economy 83 (June 1975), 509₃4 Hartman, Richard, and John H. Makin. Uncertainty and Interest Rates: Theory and Empirical Tests. National Bureau of Economic Research, Working Paper No. 906, June 1982. Hess, Patrick J. , and James L. Bicksler. Capital Asset Prices vs. Time Series Models as Predictors of Inflation. Journal of Financial Economics 2 (December 1975), 341-60. Mundell, Robert A. and Real Interest. Journal of Political Economy 71 (June 1963), 280-83. Nelson, Charles R. , and William G. Schwert. Short-term Interest Rates as Predictors of Inflation: On Testing the Hypothesis that the Real Rate of Interest Is Constant. American Economic Review 67 (June 1977), 478-86. Papadia, Francesco. Forward Exchange Rates as Predictors of Future Spot Rates and the Efficiency of the Foreign Exchange Market. Journal of Banking and Finance S (June 1981), 217-40. Papadia, Francesco, and Vittorio Basano. EEC-DG II Inflationary Expectations Surveybased Inflationary Expectations for the EEC Countries. Economic Papers of the Commission of the European Communities, Directorate-General for Economic and Firlancial Affairs, No. 1, May 1981. Pearce, Douglas K. Comparing Survey and Rational Measures of Expected Inflation: Forecast Performance and Interest Rate Effects. Journal of Money, Credit, and Banking 11 (November 1979), 447-56. Visco, Ignazio. Measurement and Analysis of Inflation Expectations: The Case of Italy. Economic Papers, Barik of Italy-Research Department (June 1979), 149-242. , ,
Liu et al. (Wed,) studied this question.