Inflation linked bonds and monetary policy

This paper characterizes the demand of inflation indexed bonds under inflation targeting and price level targeting. The two main findings are the following. The demand of inflation linked bonds is higher under inflation targeting than under price level targeting. The demand of inflation linked bonds...

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Bibliographic Details
Main Author: Ceccacci, Silvia (author)
Other Authors: Marchesiani, Alessandro (author), Pecchi, Lorenzo (author)
Format: article
Language:eng
Published: 2007
Subjects:
Online Access:http://hdl.handle.net/1822/12195
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/12195