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December 14, 2021

30 Years of Generational Accounting: A Critical Review

The question whether fiscal policies can be considered sustainable in the light of population ageing is old, but still relevant. Even more so, its relevance has increased recently as public debt levels have gone up...

March 24, 2017

The role of inflation-linked bonds

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?