Matches in SemOpenAlex for { <https://semopenalex.org/work/W2138468441> ?p ?o ?g. }
- W2138468441 endingPage "64" @default.
- W2138468441 startingPage "52" @default.
- W2138468441 abstract "By defining “duration” as the sensitivity of an asset's price to changes in some other variable, one may characterize any asset as having an inflation duration, D i , and a real-interest-rate duration, D r . Unlike nominal bonds, for which D i = D r , inflation-linked bonds, such as Treasury Inflation-Indexed Securities (commonly called TIPS), have different values for D i and D r . Defined-benefit pension liabilities also have different values for D i and D r . Such liabilities can be modeled as bonds (or portfolios of bonds and equities or other assets) held short. Thus, by appropriately combining TIPS and nominal bonds, a manager can build a portfolio that has the same inflation duration and real-interest-rate duration as the liability stream. Equities also have different values for D i and D r , so the interaction of equities with TIPS and nominal bonds can be exploited in forming efficient pension portfolios—particularly in defeasing various liability streams." @default.
- W2138468441 created "2016-06-24" @default.
- W2138468441 creator A5000485752 @default.
- W2138468441 creator A5053490858 @default.
- W2138468441 date "2004-09-01" @default.
- W2138468441 modified "2023-10-03" @default.
- W2138468441 title "TIPS, the Dual Duration, and the Pension Plan" @default.
- W2138468441 cites W1988936876 @default.
- W2138468441 cites W1990892678 @default.
- W2138468441 cites W2059282992 @default.
- W2138468441 cites W2110155273 @default.
- W2138468441 cites W2115819690 @default.
- W2138468441 cites W2131747027 @default.
- W2138468441 cites W2159307298 @default.
- W2138468441 cites W2171198005 @default.
- W2138468441 cites W2174150539 @default.
- W2138468441 cites W4256238107 @default.
- W2138468441 doi "https://doi.org/10.2469/faj.v60.n5.2656" @default.
- W2138468441 hasPublicationYear "2004" @default.
- W2138468441 type Work @default.
- W2138468441 sameAs 2138468441 @default.
- W2138468441 citedByCount "30" @default.
- W2138468441 countsByYear W21384684412012 @default.
- W2138468441 countsByYear W21384684412013 @default.
- W2138468441 countsByYear W21384684412014 @default.
- W2138468441 countsByYear W21384684412019 @default.
- W2138468441 countsByYear W21384684412020 @default.
- W2138468441 countsByYear W21384684412021 @default.
- W2138468441 crossrefType "journal-article" @default.
- W2138468441 hasAuthorship W2138468441A5000485752 @default.
- W2138468441 hasAuthorship W2138468441A5053490858 @default.
- W2138468441 hasConcept C10138342 @default.
- W2138468441 hasConcept C106159729 @default.
- W2138468441 hasConcept C112758219 @default.
- W2138468441 hasConcept C121332964 @default.
- W2138468441 hasConcept C124952713 @default.
- W2138468441 hasConcept C139819358 @default.
- W2138468441 hasConcept C142362112 @default.
- W2138468441 hasConcept C144133560 @default.
- W2138468441 hasConcept C149782125 @default.
- W2138468441 hasConcept C154815372 @default.
- W2138468441 hasConcept C162118730 @default.
- W2138468441 hasConcept C162324750 @default.
- W2138468441 hasConcept C166957645 @default.
- W2138468441 hasConcept C175025494 @default.
- W2138468441 hasConcept C200941418 @default.
- W2138468441 hasConcept C2777834853 @default.
- W2138468441 hasConcept C2780821815 @default.
- W2138468441 hasConcept C2780889827 @default.
- W2138468441 hasConcept C2780899237 @default.
- W2138468441 hasConcept C33332235 @default.
- W2138468441 hasConcept C38652104 @default.
- W2138468441 hasConcept C41008148 @default.
- W2138468441 hasConcept C556758197 @default.
- W2138468441 hasConcept C69738904 @default.
- W2138468441 hasConcept C76178495 @default.
- W2138468441 hasConcept C95457728 @default.
- W2138468441 hasConceptScore W2138468441C10138342 @default.
- W2138468441 hasConceptScore W2138468441C106159729 @default.
- W2138468441 hasConceptScore W2138468441C112758219 @default.
- W2138468441 hasConceptScore W2138468441C121332964 @default.
- W2138468441 hasConceptScore W2138468441C124952713 @default.
- W2138468441 hasConceptScore W2138468441C139819358 @default.
- W2138468441 hasConceptScore W2138468441C142362112 @default.
- W2138468441 hasConceptScore W2138468441C144133560 @default.
- W2138468441 hasConceptScore W2138468441C149782125 @default.
- W2138468441 hasConceptScore W2138468441C154815372 @default.
- W2138468441 hasConceptScore W2138468441C162118730 @default.
- W2138468441 hasConceptScore W2138468441C162324750 @default.
- W2138468441 hasConceptScore W2138468441C166957645 @default.
- W2138468441 hasConceptScore W2138468441C175025494 @default.
- W2138468441 hasConceptScore W2138468441C200941418 @default.
- W2138468441 hasConceptScore W2138468441C2777834853 @default.
- W2138468441 hasConceptScore W2138468441C2780821815 @default.
- W2138468441 hasConceptScore W2138468441C2780889827 @default.
- W2138468441 hasConceptScore W2138468441C2780899237 @default.
- W2138468441 hasConceptScore W2138468441C33332235 @default.
- W2138468441 hasConceptScore W2138468441C38652104 @default.
- W2138468441 hasConceptScore W2138468441C41008148 @default.
- W2138468441 hasConceptScore W2138468441C556758197 @default.
- W2138468441 hasConceptScore W2138468441C69738904 @default.
- W2138468441 hasConceptScore W2138468441C76178495 @default.
- W2138468441 hasConceptScore W2138468441C95457728 @default.
- W2138468441 hasIssue "5" @default.
- W2138468441 hasLocation W21384684411 @default.
- W2138468441 hasOpenAccess W2138468441 @default.
- W2138468441 hasPrimaryLocation W21384684411 @default.
- W2138468441 hasRelatedWork W1510163937 @default.
- W2138468441 hasRelatedWork W1540166362 @default.
- W2138468441 hasRelatedWork W2150372258 @default.
- W2138468441 hasRelatedWork W2199769711 @default.
- W2138468441 hasRelatedWork W2496943683 @default.
- W2138468441 hasRelatedWork W2497481315 @default.
- W2138468441 hasRelatedWork W2784685246 @default.
- W2138468441 hasRelatedWork W2958336665 @default.
- W2138468441 hasRelatedWork W3138614301 @default.
- W2138468441 hasRelatedWork W4319299689 @default.
- W2138468441 hasVolume "60" @default.