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dc.contributor.authorRoush, Jenniferen
dc.contributor.authorDudley, Williamen
dc.contributor.authorEzer, Michelle Steinbergen
dc.date.accessioned2010-04-30-
dc.date.accessioned2012-08-17T14:36:15Z-
dc.date.available2012-08-17T14:36:15Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x353en
dc.subject.jelH63en
dc.subject.jelG10en
dc.subject.jelE6en
dc.subject.ddc330en
dc.subject.keywordInflation-indexed debten
dc.subject.keywordTreasury Inflation-Protected Securities (TIPS)en
dc.subject.keywordliquidity premiumen
dc.subject.keywordinflation risk premiumen
dc.subject.stwSchatzpapieren
dc.subject.stwIndexierungen
dc.subject.stwKosten-Nutzen-Analyseen
dc.subject.stwUSAen
dc.titleThe case for TIPS: An examination of the costs and benefits-
dc.typeWorking Paperen
dc.identifier.ppn58756461Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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