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The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts? →

The market for inflation-linked bonds (ILBs) is growing, but still small when compared to the market for nominal bonds. This paper raises the question why governments do not rely more on ILBs to finance their public debts? →

Welfare gains from intergenerational risk sharing dwarf losses from labour market distortions in collective funded pension schemes. →

Welfare gains from intergenerational risk sharing dwarf losses from labour market distortions in collective funded pension schemes. →

The welfare effects from stabilizing European exchange rates →