SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
GlobalMonetary & finance

DP22011 Real Basis Risk and Long-Horizon Inflation Hedging

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Inflation-linked bonds are tied to official consumer prices, but the inflation exposure for long-horizon investors may differ from this index, which the study examines.

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