利用通货膨胀保值债券贴现现值

R. Strangways, Bruce L. Rubin, Michael T. Zugelder
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引用次数: 0

摘要

我们追溯法律历史,因为它涉及到适当的利率和通货膨胀调整。然后我们讨论了通货膨胀保值债券(TIPS)的使用,并分析了已实现的通货膨胀和税收对有效回报的综合影响。我们得出了一个意想不到的结论,即通货膨胀保值债券的使用既不能简单地调整税率,也不能消除考虑预期通胀的必要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Using TIPS to Discount to Present Value
The practice of forensic economics has a long history of trying to identify the correct interest rate to use when valuing economic losses in personal injury and wrongful death cases. We trace the legal history as it relates to the appropriate interest rates and adjustments for inflation. We then discuss the use of Treasury Inflation Protected Securities, TIPS, and an analysis of the combined effect of realized inflation and taxes on the effective return. We come to the unexpected conclusion that the use of TIPS does not lend itself to a simple adjustment to the rate for taxes nor eliminate the need to consider expected inflation.
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