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

DOI10.1007/S001990050144MaRDI QIDQ1361092zbMATHOpenAlexFDO

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

zbMATH Keywords

indexationloan contractsindexed bondnominal bond

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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

Cited in

(8)

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

This page was built for publication: Which improves welfare more: A nominal or an indexed bond?

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1361092)