yields on long maturity inflation - indexed bonds. This relationship can be interpreted as defining the fair value of the … exchange rate that will prevail in any model or real world economy in which inflation indexed bonds are traded. An advantage of … with a 50 basis point rise in the inflation indexed bond return differential in favor of the foreign country and an 50 …

We study the impact of targeted price controls for supermarket products in Argentina from 2007 to 2015. Using web …-scraping, we collected daily prices for controlled and non-controlled goods and measured the differential effects on inflation … CPI weight, they have a temporary effect on aggregate inflation and no downward effect on other goods. Second, contrary to …

The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience … of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two … the presence of frequent wars, ever-tightening access to foreign capital, and an inadequate tax base, Argentina's use of …

as the manifestation of excessive monetary injections [Krugman-Flood-Garber], the fiscal theory of inflation [Sargent …-finance optimizing problem. We shows that under conditions similar to those which prevailed in Russia and Argentina prior to their …

This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal … bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the … premium, or the break-even inflation risk premium, also varies over time. We argue that the time variation in real bond risk …

Social Security is widely believed to protect its recipients from inflation because benefits are indexed to the …

are explicitly indexed to inflation, higher energy prices automatically lead to cost-of-living adjustments for recipients …

This paper explores the history of inflation-indexed bond markets in the US and the UK. It documents a massive decline … financial crisis of 2008. Breakeven inflation rates, calculated from inflation- indexed and nominal government bond yields … inflation-indexed yields and high short-term volatility of inflation-indexed bond returns do not invalidate the basic case for …

The main arguments in favor and against nominal and indexed debt are the incentive to default through inflation versus … unexpected inflation are tempered by higher interest rates. We obtain that costs from inflation more than offset the benefits …