Which improves welfare more: A nominal or an indexed bond?

DOI10.1007/S001990050144zbMATH Open0881.90023OpenAlexW1973984609MaRDI QIDQ1361092FDOQ1361092

Authors: Martine Quinzii, Michael J. P. Magill 

Publication date: 23 July 1997

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://repec.dss.ucdavis.edu/files/3D5pZpFBDbvy2pGDGNmR5ooG/95-20.pdf

Recommendations

• Quantitative implications of indexed bonds in small open economies
• MONEY AND NOMINAL BONDS
• Indexed versus nominal government debt under inflation and price-level targeting
• Portfolio selection with inflation-linked bonds and indexation lags
• Optimal portfolio-consumption choice under stochastic inflation with nominal and indexed bonds

zbMATH Keywords

indexationloan contractsindexed bondnominal bond

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cited In (8)

• MONEY AND NOMINAL BONDS
• Quantitative implications of indexed bonds in small open economies
• Indexed versus nominal government debt under inflation and price-level targeting
• General equilibrium with endogenously incomplete financial markets
• Credit risk in general equilibrium
• The paradox of indexed money substitutes
• Inflation indexed bonds and monetary theory
• Monetary equilibria and Knightian uncertainty

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