Journal Article
Indexed bonds as an aid to monetary policy
Abstract: A measure of the publics expectation of inflation would assist the Fed in formulating monetary policy. In order to create such a measure, the U.S. Treasury could issue its debt in two forms: standard debt and debt indexed for inflation. The difference in yield on these two forms of debt would measure the publics expectation of inflation.
Access Documents
File(s):
File format is text/html
https://fraser.stlouisfed.org/title/economic-quarterly-federal-reserve-bank-richmond-960/january-february-1992-477370?page=11
Description: Full Text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1992
Volume: 78
Issue: Jan
Pages: 13-23