Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210827 
Year of Publication: 
2018
Series/Report no.: 
CBM Working Papers No. WP/05/2018
Publisher: 
Central Bank of Malta, Valletta
Abstract: 
This paper gives an overview of inflation-linked bonds (ILBs). In the first part, it describes the characteristics of inflation-linked bonds and their pricing mechanics. This is followed by an illustrative example which compares the cashflow structure of the two types of fixed income securities. An analysis of the historical performance of inflation-linked bonds relative to their nominal counterparts1 follows on the basis of the Bloomberg Barclays total return indices for the US and Germany. Correlations between ILBs and fixed coupon bonds were computed.
JEL: 
D53
E44
G1
Document Type: 
Working Paper

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