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March 24, 2017

The role of inflation-linked bonds

Publication

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?

June 7, 2010

Intergenerational risk sharing and labour supply in collective funded pension schemes with defined benefits

Publication

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

January 1, 1996

The welfare effects from stabilizing European exchange rates

Publication

The welfare effects from stabilizing European exchange rates