@techreport{Roush2008case,
abstract = {Several studies have shown that, ex-post, the issuance of Treasury Inflation-Protected Securities (TIPS) has cost U.S. taxpayers money. We propose that evaluations of the TIPS program be more comprehensive and focus on the ex-ante costs of TIPS issuance versus nominal Treasury issuance and, especially when these costs are negligible, the more difficult-to-measure benefits of the program. Our study finds that the ex-ante costs of TIPS issuance versus nominal Treasury issuance are currently about equal and that TIPS provide meaningful benefits to investors and policymakers.},
address = {New York, NY},
author = {Jennifer Roush and William Dudley and Michelle Steinberg Ezer},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H63; G10; E6; 330; Inflation-indexed debt; Treasury Inflation-Protected Securities (TIPS); liquidity premium; inflation risk premium; Schatzpapier; Indexierung; Kosten-Nutzen-Analyse; USA},
language = {eng},
number = {353},
publisher = {Federal Reserve Bank of New York},
title = {The case for TIPS: An examination of the costs and benefits},
type = {Staff Report, Federal Reserve Bank of New York},
url = {http://hdl.handle.net/10419/60890},
year = {2008}
}
