Levin, Eric J; Copeland, Laurence S - In: The Manchester School of Economic & Social Studies 61 (1993) Suppl., pp. 13-34
The eight-month lag in the indexation of the value of U.K. index-linked gilts, far from being a nuisance, actually makes possible the derivation of estimates of expected inflation from a comparison of the prices of two indexed bonds differing only in their durations, without recourse to any...