Aspects of the Theory of Indexed Bonds

David Levhari and Nissan Liviatan
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David Levhari: The Hebrew University of Jerusalem
Nissan Liviatan: The Hebrew University of Jerusalem

Chapter 19 in Inflation Theory and Anti-Inflation Policy, 1977, pp 488-501 from Palgrave Macmillan

Abstract: Abstract The recent worldwide inflation precipitated an intensive discussion on ways and means that will reduce the social cost of the inflationary process. One of the main proposals put forward by many economists is the use of indexation or escalator agreements to make it easier to live with inflation.1 In particular, economists often recommend the use of index-linked bonds by government or private institutions as an appropriate tool to mitigate the cost of inflation.2 The idea has been expressed that linked bonds could be introduced in the private capital market to the mutual benefits of lenders and borrowers in handling more efficiently inflation risks.

Keywords: Risk Premium; Current Consumption; Bond Market; Transfer Payment; Index Bond (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-03260-0_19

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DOI: 10.1007/978-1-349-03260-0_19

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