Public pensions are indexed to prices or wages or to their combinations; therefore, the impact of inflation on the real … value of benefits can often be neglected, especially under indexation to prices. At high and accelerating …/decelerating inflation like currently prevailing in Hungary, however, this is not the case. (i) With fast inflation of basic necessities …

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 …

Fleckenstein et al. (2014) document that nominal Treasuries trade at higher prices than inflation-swapped indexed bonds …, which exactly replicate the nominal cash flows. We study whether this mispricing arises from liquidity premiums in inflation …-indexed bonds (TIPS) and inflation swaps. Using US data, we show that the level of liquidity affects TIPS, whereas swap yields …

substantial pass-through effects to inflation, given the large and persistent depreciation movement. Widespread indexation … indexation is less relevant to the inflation dynamics. Overall, inflation would have remained within the central bank's target …This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for …