Series

n

JREC

E(JREC)

JREC

E(JREC)

p-value

Short term rate―Inflation rate

1P

231

380

265

1.43

1

0.0000

2P

321

1348

513

2.62

1

0.0000

3P

423

1601

893

1.79

1

0.0000

Medium term rate―Inflation rate

2P

321

1511

513

2.94

1

0.0000

3P

423

1611

893

1.81

1

0.0000

Long term rate―Inflation rate

1P

411

1511

843

1.79

1

0.0000

2P

321

2557

513

4.98

1

0.0000

3P

423

1844

893

2.07

1

0.0000