Understanding Inflation-Indexed Bond Markets
NBER Working Paper No. 15014
---- Acknowledgements -----
Campbell and Viceira's research was supported by the U.S. Social Security Administration through grant #10-M-98363-1-01 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium. Viceira's research was also supported by the Division of Research at the Harvard Business School. 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 are grateful to Carolin Pflueger for exceptionally able research assistance, to Mihir Worah and Gang Hu of PIMCO, Derek Kaufman of Citadel, and Albert Brondolo, Michael Pond, and Ralph Segreti of Barclays Capital for their help in understanding TIPS and inflation derivatives markets and the unusual market conditions in the fall of 2008, and to Barclays Capital for providing data. An earlier version of the paper was presented at the Brookings Panel on Economic Activity, April 2-3, 2009. We acknowledge the helpful comments of panel members and our discussants, Rick Mishkin and Jonathan Wright. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.