In the wake of rising inflation in the aftermath of unprecedented debt financed stimulus packages, we ask: Can … governments use real bonds (TIPS) as part of their debt portfolio to commit to stable inflation rates? We propose a novel … and real assets to use inflation effectively to smooth fiscal policy. When the government cannot commit to future policies …

. Inflation reduces the real value of outstanding debt, thus making it more sustainable; but it also raises nominal yields and …

In the wake of rising inflation in the aftermath of unprecedented debt financed stimulus packages, we ask: Can … governments use real bonds (TIPS) as part of their debt portfolio to commit to stable inflation rates? We propose a novel … and real assets to use inflation effectively to smooth fiscal policy. When the government cannot commit to future policies …

long run. In particular, we show that if monetary policy reacts aggressively to inflation, this supports a steady state … where inflation is close to the central bank's target. However, the same aggressive policy simultaneously favours the … inflation are lower and monetary policy is constrained by the effective lower bound. We discuss how fiscal policy can be used to …

Using market prices of inflation-linked bonds and nominal bonds issued by the French Treasury, both the real and … zero coupon bond prices: bootstrapping, a piecewise constant forward rates method, a cubic spline model, and the Nelson and … Siegel smoothing model. Next, based on the estimated real and nominal curves, several methodologies to hedge bond portfolios …

against inflation that they do not control. Since the early 1980s, several developed-country governments have begun issuing … inflation-linked annuities, thus providing more Canadian savers with protection against intentional or accidental inflation …

The sovereign's intention to issue inflation-linked bonds (ILB) is to save money. More than 15 years' experience with …

The sovereign's intention to issue inflation-linked bonds (ILB) is to save money. More than 15 years' experience with …