MARC details
| 000 -LEADER |
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| fixed length control field |
02287cam a22003374a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
GrThPMO |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20241013014314.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
090821s2009 maua b 000 0 eng d |
| 035 ## - SYSTEM CONTROL NUMBER |
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| System control number |
hzn115746 |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
GrThPMO |
| Transcribing agency |
GrThPMO |
| Modifying agency |
GrThPMO |
| 043 ## - GEOGRAPHIC AREA CODE |
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| Geographic area code |
n-us--- |
| -- |
e-uk--- |
| 050 14 - LIBRARY OF CONGRESS CALL NUMBER |
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| Classification number |
HB1 |
| Item number |
.N38 no. 15014 |
| 099 ## - LOCAL FREE-TEXT CALL NUMBER (OCLC) |
|---|
| Classification number |
HB1.N38 no. 15014 |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Campbell, John Y. |
| 9 (RLIN) |
25266 |
| 245 10 - TITLE STATEMENT |
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| Title |
Understanding inflation-indexed bond markets / |
| Statement of responsibility, etc. |
John Y. Campbell, Robert J. Shiller, Luis M. Viceira. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc. |
Cambridge, Mass. : |
| Name of publisher, distributor, etc. |
National Bureau of Economic Research, |
| Date of publication, distribution, etc. |
2009. |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
33, [12] p. : |
| Other physical details |
ill. ; |
| Dimensions |
22 cm. |
| 490 1# - SERIES STATEMENT |
|---|
| Series statement |
NBER working paper series ; |
| Volume/sequential designation |
no. 15014. |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
|---|
| Bibliography, etc |
Includes bibliographical references. |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
This paper explores the history of inflation-indexed bond markets in the US and the UK. It documents a massive decline in long-term real interest rates from the 1990's until 2008, followed by a sudden spike in these rates during the financial crisis of 2008. Breakeven inflation rates, calculated from inflation- indexed and nominal government bond yields, stabilized until the fall of 2008, when they showed dramatic declines. The paper asks to what extent short-term real interest rates, bond risks, and liquidity explain the trends before 2008 and the unusual developments in the fall of 2008. Low inflation-indexed yields and high short-term volatility of inflation-indexed bond returns do not invalidate the basic case for these bonds, that they provide a safe asset for long-term investors. Governments should expect inflation-indexed bonds to be a relatively cheap form of debt financing going forward, even though they have offered high returns over the past decade. |
| 530 ## - ADDITIONAL PHYSICAL FORM AVAILABLE NOTE |
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| Additional physical form available note |
Also available as an electronic book via the World Wide Web. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| 9 (RLIN) |
183886 |
| Topical term or geographic name as entry element |
Bond market |
| Geographic subdivision |
United States |
| General subdivision |
Econometric models. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| 9 (RLIN) |
183887 |
| Topical term or geographic name as entry element |
Bond market |
| Geographic subdivision |
Great Britain |
| General subdivision |
Econometric models. |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Shiller, Robert J. |
| 9 (RLIN) |
3654 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Viceira, Luis M. |
| 9 (RLIN) |
64827 |
| 710 2# - ADDED ENTRY--CORPORATE NAME |
|---|
| Corporate name or jurisdiction name as entry element |
National Bureau of Economic Research |
| 9 (RLIN) |
822 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE |
|---|
| Uniform title |
Working paper series (National Bureau of Economic Research) ; |
| Volume number/sequential designation |
no. 15014. |
| 9 (RLIN) |
3825 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Uniform Resource Identifier |
<a href="https://www.nber.org/system/files/working_papers/w15014/w15014.pdf">https://www.nber.org/system/files/working_papers/w15014/w15014.pdf</a> |
| 942 00 - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Koha issues (borrowed), all copies |
1 |
| Source of classification or shelving scheme |
Library of Congress Classification |
