Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

John Campbell, Adi Sunderam, Luis Viceira

NBER Retirement Research Center Paper No. NB 07-12
Issued in August 2007

---- Acknowledgements -----

This research was supported by the U.S. Social Security Administration through grant #10-P-98363-1-04 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the Federal Government, or the NBER. We also acknowledge the support of the National Science Foundation under grant no. 0214061 to Campbell, and of Harvard Business School Research Funding to Viceira.

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