Inflation-linked bond markets have experienced significant growth in recent years. This growth is somewhat surprising …, for inflation-linked bonds cannot be considered a financial innovation and their development has taken place in a period … of historically low global inflation and inflation expectations. In this context, the purpose of this paper is twofold …

monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We … consider the implications of firms choosing the optimal degree of indexation so these simple pricing rules deliver prices as … close as possible to those which would be chosen optimally. We find that the degree of indexation depends on the extent of …

policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We … consider the implications of firms choosing the optimal degree of indexation so these simple pricing rules deliver prices as … close as possible to those which would be chosen optimally. We find that the degree of indexation depends on the extent of …