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dc.contributor.authorRoush, Jenniferen_US
dc.contributor.authorDudley, Williamen_US
dc.contributor.authorEzer, Michelle Steinbergen_US
dc.date.accessioned2010-04-30en_US
dc.date.accessioned2012-08-17T14:36:15Z-
dc.date.available2012-08-17T14:36:15Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/60890-
dc.description.abstractSeveral 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.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of New York New York, NYen_US
dc.relation.ispartofseriesStaff Report, Federal Reserve Bank of New York 353en_US
dc.subject.jelH63en_US
dc.subject.jelG10en_US
dc.subject.jelE6en_US
dc.subject.ddc330en_US
dc.subject.keywordInflation-indexed debten_US
dc.subject.keywordTreasury Inflation-Protected Securities (TIPS)en_US
dc.subject.keywordliquidity premiumen_US
dc.subject.keywordinflation risk premiumen_US
dc.subject.stwSchatzpapieren_US
dc.subject.stwIndexierungen_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwUSAen_US
dc.titleThe case for TIPS: An examination of the costs and benefitsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn58756461Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Staff Reports, Federal Reserve Bank of New York

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