Your English writing platform
Discover LudwigExact(4)
But he said the implicit inflation premium was at the upper range of its level in the past two years.
Mr. Bernanke said the Fed remained "unwaveringly committed to price stability" and to the Fed's long-term, implicit inflation target of "2 percent or a bit less".
And Japanese prices have been flat or falling for most of the period, so real bond yields have still been positive.In America, Britain and Germany ten-year bond yields under 2% are now lower than the explicit (or implicit) inflation targets of their central banks.
At some point, the sovereign yield curve may steepen further, reflecting more than just higher implicit inflation.
Similar(56)
The German breakeven rate, an implicit forecast of inflation over the next 5 years, is just 1 percent.
So as of this morning, the 5-year German breakeven — an implicit forecast of inflation — is only 0.9%.
In effect, the Lerners have made an implicit bet that inflation will be high over the coming decade and a half, where Scherzer has an implicit bet on low inflation or even deflation.
Hyun Song Shin, the BIS's head of research, said: "There is an implicit assumption that inflation at 2% is the best measure of slack in the economy, and that the economy gets sucked into a downward spiral when inflation hits zero.
In a recent book on sovereign debt, "This Time is Different", Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard conclude that "the evidence offers little support for the view that countries simply grow out of their debts".So, short of debt default or implicit default via inflation, that leaves two other ways of closing the deficit.
In fall 1998, with the oil price crashing, the bond market gathered up its wits and ventured an implicit long-term inflation forecast of less than 1%.
In the fall of 1998, with the oil price crashing, the bond market gathered up its wits and ventured an implicit long-term inflation forecast of less than 1%.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com