Stabilizing The Future — John Cochrane
The Rasheed Griffith Show
Indexed Unit of Account: A Lack of Popularity
The chapter explores the concept of indexed unit of account endorsed by Robert Schiller, comparing the popularity of inflation-protected government bonds to the less popular inflation protection offered by banks. It delves into complexities, taxation issues, and historical context surrounding inflation protection in financial instruments, emphasizing the need for a greater institutional build-up for utilizing financial products as insurance in developing economies.
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