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Economic Commentary

Gilt by Association: Uncovering Expected Inflation

One unfortunate aspect of life in the United States today is that guesses about inflation really matter. We have to consider expected changes in the cost of living when negotiating our wages. Similarly, we need to think about future inflation when computing both the returns to investing and the cost of borrowing. Explicitly or implicitly, inflation expectations have become an integral part of all our economic decisions.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Haubrich, Joseph G., and Ann Dombrosky. 1992. “Gilt by Association: Uncovering Expected Inflation.” Federal Reserve Bank of Cleveland, Economic Commentary 6/1/1992.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International