Ambiguity Aversion and the Absence of Indexed Debt

S. Mokerji and Jean-Marc Tallon

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: Inspite of wide and lond-standing support among economists for indexation of loan contracts there has been relatively little use of indexation, except in situations of extremely high inflation. The object of this paper is to provide a (theoretical) explanation for this puzzling phenomenon based on the hypothesis that economic agents are ambiguity averse.

Keywords: DEBT; INFLATION (search for similar items in EconPapers)
JEL-codes: D50 D81 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (10)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Ambiguity aversion and the absence of indexed debt (2004)
Working Paper: Ambiguity aversion and the absence of indexed debt (2004)
Working Paper: Ambiguity aversion and the absence of indexed debt (2004)
Working Paper: Ambiguity Aversion and the Absence of Indexed Debt (2000)
Working Paper: Ambiguity Aversion and the Absence of Indexed Debt (2000)
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:fth:pariem:2000.53

Access Statistics for this paper

More papers in Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1) France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().