Several studies have shown that, ex-post, the issuance of Treasury Inflation-Protected Securities (TIPS) has cost U.S. taxpayers money. We propose that evaluations of the TIPS program be more comprehensive and focus on the ex-ante costs of TIPS issuance versus nominal Treasury issuance and,...

Slightly more than a decade has passed since the introduction of the Treasury Inflation-Protected Securities (TIPS) program, through which the U.S. Treasury Department issues inflation-indexed debt. Several studies have suggested that the program has been a financial disappointment for the...

This paper considers the benefits to Greece, the Euro zone and the rest of the world arising from policies that prevent a Greek default and exit from the Euro, compares these benefits with the costs of the preventive policies and concludes that the benefits exceed the costs. The rational case...

Peanuts, Talente oder Tiden: So oder ähnlich heißen die lokalen Währungen, die seit Mitte der neunziger Jahre in Deutschland entstanden sind. Die Mitglieder von Tauschringen nutzen sie, um Waren und Dienstleistungen auszutauschen. Ziel der Tauschringe ist es, eine neue Form erweiterter...