Inflation-linked Bonds: An Introduction
Maria Farrugia (),
Glenn Formosa and
Joseph Julian Pace
Additional contact information
Maria Farrugia: Central Bank of Malta
Glenn Formosa: Central Bank of Malta
Joseph Julian Pace: Central Bank of Malta
No WP/05/2018, CBM Working Papers from Central Bank of Malta
Abstract:
This paper gives an overview of inflation-linked bonds (ILBs). In the first part, it describes the characteristics of inflation-linked bonds and their pricing mechanics. This is followed by an illustrative example which compares the cashflow structure of the two types of fixed income securities. An analysis of the historical performance of inflation-linked bonds relative to their nominal counterparts1 follows on the basis of the Bloomberg Barclays total return indices for the US and Germany. Correlations between ILBs and fixed coupon bonds were computed.
JEL-codes: D53 E44 G1 (search for similar items in EconPapers)
Pages: 17 pgs
Date: 2018
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://www.centralbankmalta.org/file.aspx?f=71998 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:mlt:wpaper:0518
Access Statistics for this paper
More papers in CBM Working Papers from Central Bank of Malta
Bibliographic data for series maintained by Emmanuel Cachia ( this e-mail address is bad, please contact ).