Erratum

Abstract

In “Identifying the Dynamics of Real Interest Rates and Inflation: Evidence Using Survey Data,” by George G. Pennacchi (v4 n1, pp. 53–86), Equation (14) should read ... and the definition of ψ below Equation (16) should read ... Foresi (1990) provides the derivation of Equation (14). These corrections do not affect any other formulas given in the paper and do not affect the subsequent empirical analysis.