A Scorecard for Indexed Government Debt

  title={A Scorecard for Indexed Government Debt},
  author={John Y. Campbell and Robert J. Shiller},
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
Highly Cited
This paper has 55 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.


Publications citing this paper.
Showing 1-10 of 44 extracted citations

55 Citations

Citations per Year
Semantic Scholar estimates that this publication has 55 citations based on the available data.

See our FAQ for additional information.


Publications referenced by this paper.
Showing 1-10 of 21 references

Credibility and Monetary Policy: Theory and Evidence

  • York, Praeger. King, Mervyn
  • 1995

Estimating Market Interest Rate and Inflation Expectations from the Prices of UK Government Bonds,

  • Deacon, Mark, Andrew Derry
  • 1995

Inflation, Real Interest Rates, and the Bond

  • September. Barr, G David, John Y. Campbell
  • 1995

Optimal Debt Management,

  • Barro, J Robert
  • National Bureau of Economic Research Working…
  • 1995

The Debt Burden and Debt Maturity,

  • Missale, Alessandro, Olivier J. Blanchard
  • American Economic Review,
  • 1994

The Welfare Gain from the Intr

  • Viard, D Alan
  • 1993

What Moves the Stock and Bond Markets? A Variance Decomposition for Long-Term Asset Returns,

  • ohn Ammer
  • 1993
1 Excerpt

1990b, “What Does the Term Structure Tell Us

  • Mishkin, S Frederic
  • 1990

Similar Papers

Loading similar papers…