This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Perspectives: Vol. 12 No. 1 (Winter 1998)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


Policy Watch: The Introduction of Indexed Government Debt in the United States

Article Citation

Wilcox, David W. 1998. "Policy Watch: The Introduction of Indexed Government Debt in the United States." Journal of Economic Perspectives, 12(1): 219-227.

DOI: 10.1257/jep.12.1.219

Abstract

This article describes the early phases of the development of the market for indexed government debt in the United States. The first such bonds were issued in 1997--one set with a maturity of ten years, the other with a maturity of five years. In the wake of the Treasury issuance, several non-Treasury borrowers have issued indexed debt and several new index-linked products for retail customers have been introduced. As expected, the new indexed notes have 'outperformed' conventional nominal notes in the secondary markets for Treasury debt when bad news has become available about inflation and conversely.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

Wilcox, David W. (Federal Reserve System)

JEL Classifications

G12: Asset Pricing; Trading volume; Bond Interest Rates
H63: National Debt; Debt Management
E62: Fiscal Policy
E31: Price Level; Inflation; Deflation

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us