INDEXED BONDS, EXPECTED INFLATION, AND TAX CLIENTELE BIAS
نویسندگان
چکیده
منابع مشابه
Bond futures, inflation-indexed bonds, and inflation risk premium
We propose a new approach to measuring long-run inflation risk, the inflation risk premium, and inflation expectations for the UK over the period 1985–2012. By adding long-term bond futures to the information set of inflation-indexed and nominal bonds, inflation risk is measured as an incremental time-varying covariance obtained from a trivariate GARCH model with dynamic conditional correlation...
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ژورنال
عنوان ژورنال: National Tax Journal
سال: 1997
ISSN: 0028-0283,1944-7477
DOI: 10.1086/ntj41789260