Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds
نویسندگان
چکیده
منابع مشابه
The Changing Role of Nominal Government Bonds in Asset Allocation
The covariance between nominal bonds and stocks has varied considerably over recent decades and has even switched sign. It has been predominantly positive in periods such as the late 1970s and early 1980s when the economy has experienced supply shocks and the central bank has lacked credibility. It has been predominantly negative in periods such as the 2000s when investors have feared weak a...
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ژورنال
عنوان ژورنال: Critical Finance Review
سال: 2017
ISSN: 2164-5744,2164-5760
DOI: 10.1561/104.00000043