A Scorecard for Indexed Government Debt

@inproceedings{Campbell1996ASF,
  title={A Scorecard for Indexed Government Debt},
  author={John Y. Campbell and Robert J. Shiller},
  year={1996}
}
Within the last five years, Canada, Sweden and New Zealand have joined the ranks of the United Kingdom and other countries in issuing government bonds that are indexed to inflation. Some observers of the experience in these countries have argued that the United States should follow suit. This paper provides an overview of the issues surrounding debt indexation, and it tries to answer three empirical questions about indexed debt. First, how different would the returns on indexed bonds be from… CONTINUE READING
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