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Real term structure and inflation compensation in the euro area
Pericoli, Marcello - Banca d'Italia - 2012
Estimates of the real term structure for the euro area implied by French index-linked bonds are obtained by means of a smoothing spline methodology. The real term structure allows computation of the constant-maturity inflation compensation, which is compared with the surveyed inflation...
Persistent link: https://www.econbiz.de/10009645794
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Volatility Linkage of Nominal and Index-linked Bond Returns: A Multivariate BEKK-GARCH Approach
Benlagha, Noureddine - In: Review of Economics & Finance 4 (2014) November, pp. 49-60
This paper investigates the behavior of volatility linkage between nominal and indexlinked bond returns using a multivariate BEKK-GARCH approach. Based on daily return data for French bonds with different maturity dates and different reference indices, our analysis reveals two empirical...
Persistent link: https://www.econbiz.de/10011096968
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What Drives Pension Indexation in Turbulent Times? An Empirical Examination of Dutch Pension Funds
Broeders, Dirk; Hilbers, Paul; Rijsbergen, David; Shen, … - In: De Economist 162 (2014) 1, pp. 41-70
This paper identifies the key factors influencing indexation decisions in turbulent economic times within defined … benefit plans using a unique panel dataset of 166 Dutch pension funds from 2007 to 2010. Key drivers of indexation are the … indexation as this is already captured by the funding ratio. We also examine the relation between policy ladders and the actual …
Persistent link: https://www.econbiz.de/10010988360
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Real Interest Rate Risk in the Argentine Banking System. A Measuring Model
Balzarotti, Verónica - In: Ensayos Económicos 1 (2007) 46, pp. 7-61
low use of indexation. The extent of the risk and the fact that the sign of the gap is the same across banks does not …
Persistent link: https://www.econbiz.de/10010849647
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Fairness and the disinflation puzzle
Lunardelli, Andre - Institut für Weltwirtschaft (IfW) - 2014
adverse shocks, the manner in which indexation is used in New Keynesian models, and the use of sticky information to explain …
Persistent link: https://www.econbiz.de/10010956041
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Development and Disparity in Bihar
Kumari, Reena - In: Journal of Regional Development and Planning 3 (2014) 2, pp. 51-66
This paper addresses issue of inter-district disparity at district-level in Bihar. An attempt has been made to identify the backward regions/districts of the state in terms of four development sectors for instance, agriculture, services, education and health. The study has used 34 indicators...
Persistent link: https://www.econbiz.de/10011272007
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Republic of Poland; Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Di...
International Monetary Fund (IMF); International … - 2011
Poland’s macroeconomic performance was strong during the global crisis, supported by sound economic policies. The previous Flexible Credit Line (FCL) arrangements served the Polish economy well and provided adequate insurance against negative spillover risks. Executive Directors...
Persistent link: https://www.econbiz.de/10011244361
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Iceland; Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion
International Monetary Fund (IMF); International … - 2012
The 2012 Article IV Consultation reports that Iceland’s fiscal consolidation is continuing, but at a slower pace. Moderate expenditure overruns materialized in 2011, which will partly spill over to 2012 and the medium term. A key priority is to put the medium-term fiscal path back on...
Persistent link: https://www.econbiz.de/10011245037
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Georgia; Seventh and Eighth Reviews Under the Stand-By Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases—Staff Report; Sta...
International Monetary Fund (IMF); International … - 2011
Real GDP growth for 2010 has been revised upward to 6.3 percent, and annual CPI inflation has increased to about 10 percent. End-December performance criteria (PC) are expected to be met, with the exception of the fiscal deficit and general government expenditure targets owing to the late...
Persistent link: https://www.econbiz.de/10011245685
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Differentiating Indexation in Dutch Pension Funds
Beetsma, Roel; Bucciol, Alessandro - Tinbergen Instituut - 2010
">'De Economist'</A>, 159(3), 323-360.<p>We investigate numerically how indexation of funded pensions for inflation can be differ … losing and retirees bene-fitting from a shift away from uniform indexation. Those welfare shifts result from …
Persistent link: https://www.econbiz.de/10011255723