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Staff Reports, Federal Reserve Bank of New York >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/60890
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Roush, Jennifer | | en_US |
| dc.contributor.author | | Dudley, William | | en_US |
| dc.contributor.author | | Ezer, Michelle Steinberg | | en_US |
| dc.date.accessioned | | 2010-04-30 | | en_US |
| dc.date.accessioned | | 2012-08-17T14:36:15Z | | - |
| dc.date.available | | 2012-08-17T14:36:15Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/60890 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Federal Reserve Bank of New York New York, NY | | en_US |
| dc.relation.ispartofseries | | Staff Report, Federal Reserve Bank of New York 353 | | en_US |
| dc.subject.jel | | H63 | | en_US |
| dc.subject.jel | | G10 | | en_US |
| dc.subject.jel | | E6 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Inflation-indexed debt | | en_US |
| dc.subject.keyword | | Treasury Inflation-Protected Securities (TIPS) | | en_US |
| dc.subject.keyword | | liquidity premium | | en_US |
| dc.subject.keyword | | inflation risk premium | | en_US |
| dc.subject.stw | | Schatzpapier | | en_US |
| dc.subject.stw | | Indexierung | | en_US |
| dc.subject.stw | | Kosten-Nutzen-Analyse | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | The case for TIPS: An examination of the costs and benefits | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 58756461X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Staff Reports, Federal Reserve Bank of New York
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