Inflation indexed bonds and monetary theory
✍ Scribed by Laurence Weiss
- Book ID
- 105866444
- Publisher
- Springer
- Year
- 2006
- Tongue
- English
- Weight
- 55 KB
- Volume
- 27
- Category
- Article
- ISSN
- 0938-2259
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📜 SIMILAR VOLUMES
## Abstract This paper derives a valuation model of inflation‐indexed convertible bonds that incorporates the firm's stock price, inflation indexing and the firm's credit risk. The pricing of inflation‐indexed convertible bonds traded on the Tel‐Aviv Stock Exchange (TASE) was empirically tested by
This research solves the intertemporal portfolio choice problems with and without interim consumption under stochastic inflation. We assume a one‐factor nominal interest rate and a one‐factor expected inflation rate, implying a two‐factor real interest rate in the economy. In contrast to other relat