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Some studies suggest that the issuance of Treasury Inflation-Protected Securities (TIPS) -- inflation-indexed debt -- has not been as cost-effective for the Treasury as the issuance of nominal securities. The studies base their conclusions on ex post analysis, that is, they look back from the actual inflation outcome to determine whether TIPS issuance costs exceeded the costs of nominal Treasury issuances of similar durations. This article argues that the ex post approach has drawbacks when it comes to assessing the costs and benefits of TIPS over the long run; instead, an ex ante approach is recommended. A comprehensive analysis of TIPS should also consider the program's other, more difficult-to-quantify, benefits -- especially when cost analysis shows that TIPS are only marginally mor...
..., a 2006 ex post cost study by the Agency France Trésor finds that its inflationlinked debt progra...
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...For example, France's Debt Management Office--Agence France Tresor--wa...
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...(8) In addition, Francesco Algarotti (1712-1764) was engaged to acquire Itali... second-rate van Gogh painting as a French tresor national. (139) Italy included a gouache of Henri ...
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...The budgetary positions of Germany and France remained particularly weak, with deficits around 4... of Economic Affairs, France Agence France Tresor Finance and Industry Company with German state as ...
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...The Tresor Tower at the Fontainebleau Hotel, the market's sit... under-represented regions such as France, India, Iran, Turkey and a number of African count...
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...-- 7 Agence France Tresor's (AFT's) Approach to Inflation-linked Bond...
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... Private Equity investment opportunities in France and Europe. . This year, a specific Private Equity... Mazieres, Chief Executive, Agency France Tresor . --Patrick Ponsolle, Vice-Chairman, Morgan Stanle...
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...Exhibition Stand F43b, Hall 2 . CANNES, France--(BUSINESS WIRE)--Feb. 20, 2003 . Tresor's Phones ...
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...) et le gouvernement espagnol > (Agence France Presse 2008). . [8] Pourtant, nous devons reconnai...Page consultee le 11 novembre 2007. . Tresor de la langue francaise informatise. Sans date. htt...
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... Gaborit-Chopin, ed., L'inventaire du tresor du dauphin, future Charles V, 1363: Les debuts d'u...