Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields
NBER Working Paper No. 18726
---- Acknowledgements ----
*C. Lowell Harriss Professor of Economics, Columbia University. This paper was prepared for the Columbia University Conference on Recent Research in International Finance November 16, 2012 and expounds upon and extends Clarida (2012). I would like to thank Ken West and Bob Hodrick as well as seminar participants at the NY and Boston Feds, the Bank of Canada, the Bundesbank, the Bank of England, The Frankfurt Center for Financial Stability, and the Swiss National Bank for comments on earlier drafts. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Richard H. Clarida ----
I serve as a compensated strategic advisor for PIMCO, an asset management firm that invests in exchange rates and inflation indexed bonds.