		(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
										2Y inflation	3Y inflation	5Y inflation	10Y inflation
VARIABLES	LABELS	Change in 2-year nominal instantaneous forward rate'	Change in 3-year nominal instantaneous forward rate'	Change in 5-year nominal instantaneous forward rate'	Change in 10-year nominal instantaneous forward rate'	Change in 2-year real instantaneous forward rate (TIPS)'	Change in 3-year real instantaneous forward rate (TIPS)'	Change in 5-year real instantaneous forward rate (TIPS)'	Change in 10-year real instantaneous forward rate (TIPS)'	constructed using NF - RF	constructed using NF - RF	constructed using NF - RF	constructed using NF - RF
													
DNF2	Change in 2-year nominal instantaneous forward rate'	.											
		(.)											
		. - .											
path	path	1.24	1.00	0.44	0.05	1.00	0.90	0.48	0.15	0.24	0.10	-0.04	-0.10
		(0.22)	(0.23)	(0.13)	(0.12)	(0.22)	(0.26)	(0.14)	(0.12)	(0.19)	(0.19)	(0.10)	(0.10)
		0.80 - 1.69	0.54 - 1.47	0.18 - 0.70	-0.20 - 0.29	0.57 - 1.43	0.39 - 1.41	0.20 - 0.76	-0.10 - 0.39	-0.13 - 0.61	-0.27 - 0.47	-0.24 - 0.16	-0.29 - 0.09
DNF3	Change in 3-year nominal instantaneous forward rate'		.										
			(.)										
			. - .										
DNF5	Change in 5-year nominal instantaneous forward rate'			.									
				(.)									
				. - .									
DNF10	Change in 10-year nominal instantaneous forward rate'				.								
					(.)								
					. - .								
DRF2	Change in 2-year real instantaneous forward rate (TIPS)'					.							
						(.)							
						. - .							
DRF3	Change in 3-year real instantaneous forward rate (TIPS)'						.						
							(.)						
							. - .						
DRF5	Change in 5-year real instantaneous forward rate (TIPS)'							.					
								(.)					
								. - .					
DRF10	Change in 10-year real instantaneous forward rate (TIPS)'								.				
									(.)				
									. - .				
DIF2	2Y inflation, constructed using NF - RF									.			
										(.)			
										. - .			
DIF3	3Y inflation, constructed using NF - RF										.		
											(.)		
											. - .		
DIF5	5Y inflation, constructed using NF - RF											.	
												(.)	
												. - .	
DIF10	10Y inflation, constructed using NF - RF												.
													(.)
													. - .
Constant	Constant	-0.00	-0.00	-0.00	0.00	-0.01	-0.01	-0.00	0.00	0.01	0.01	0.00	0.00
		(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.01)	(0.00)	(0.01)	(0.00)	(0.00)	(0.00)
		-0.02 - 0.02	-0.02 - 0.02	-0.02 - 0.01	-0.01 - 0.01	-0.03 - 0.01	-0.03 - 0.01	-0.02 - 0.01	-0.01 - 0.01	-0.00 - 0.02	0.00 - 0.02	-0.01 - 0.01	-0.01 - 0.01
													
Observations		74	74	106	106	74	74	106	106	74	74	106	106
R-squared		0.41	0.21	0.07	0.00	0.29	0.19	0.10	0.02	0.05	0.01	0.00	0.01
Robust standard errors in parentheses													
