BEIR

(redirected from Break-Even Inflation Rate)
AcronymDefinition
BEIRBiological Effects of Ionizing Radiations
BEIRBreak-Even Inflation Rate
BEIRBeta-Endorphin-Like Immunoreactivity
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References in periodicals archive ?
I identity the liquidity component in TIPS yields through the difference between the observed break-even inflation rates (BEI) and the inflation swap rates, the latter regarded as synthetic BEI.
I identify the liquidity component in TIPS yields through the difference between the observed break-even inflation rates and the inflation swap rates, which are considered as a synthetic BEI
where BE[I.sub.n, t] = [y.sup.N.sub.n,t] - [y.sup.TPIS.sub.n,t] are the (cash BEI) break-even inflation rates, which are defined as the difference between nominal and inflation-indexed bond yields, and I [S.sub.n,t] are the inflation swap rates (synthetic BEI) for the corresponding maturity n.
To measure liquidity, I use the market-based measure proposed by Christensen and Gillian (2011), which is defined as the difference between synthetic and cash break-even inflation rates as in Equation (14).
A similar percentage of the variation in TIPS yields, as well as in the residuals of the regressions of break-even inflation rates on nominal principal components and liquidity, can also be explained by the first three principal components.
A inflacao implicita ou break-even inflation rate (BEIR) e definida como o spread entre o retorno de um titulo convencional prefixado e o retorno medio de um titulo indexado em inflacao, com taxas de juros fixas e, para um mesmo vencimento.
As of June 2008, however, the break-even inflation rate at the ten-year maturity point was about 2.50 percent, which is equal to the most recent SPF long-run estimate of 2.50 percent CPI inflation.
The break-even inflation rate obtained from a comparison of TIPS yields and nominal Treasury yields includes two other key elements beyond expectations about the future inflation rate: the inflation risk premium that investors pay for inflation protection and the illiquidity premium associated with TIPS compared with nominal Treasuries.
(5) The break-even inflation rate is the spread between a TIPS yield and a nominal yield with a similar maturity.
The break-even inflation rates for all auctions (including reopenings) of TIIS to date are shown in Table 2, column 5.
This formula can be used to calculate implied forward rates for nominal and real interest rates, and break-even inflation rates. The formula for calculating forward implied volatility on swaptions is similar, but uses volatilities on long and short options as inputs.
Figures 9 and 10 below plot break-even inflation rates for the US and UK across a variety of maturities.