Short-run money growth volatility: evidence of misbehaving money demand?

Demand for money

Deficits and inflation

Inflation (Finance)

Dynamic forecasting and the demand for money

Demand for money

Seasonal adjustment of the money supply

Seasonal variations (Economics) ; Business cycles

Comparing futures and survey forecasts of near-term Treasury bill rates

Treasury bills ; Futures ; Forecasting

Constructing an alternative measure of changes in reserve requirement ratios

Bank reserves

The dynamics and estimation of short-run money demand

Demand for money

The shift in money demand: what really happened?

Demand for money

The wayward money supply: a post-mortem of 1982

Money supply

Are TIPS really tax disadvantaged? Rethinking the tax treatment of U.S. Treasury Inflation Indexed Securities

In 1997 the U.S. Treasury introduced Inflation Indexed (or Protected) Securities with substantial promotional fanfare. Yet, due in part to what some in the finance profession have described as a "tax disadvantage" placed upon TIPS, many are questioning whether they should appeal to a wide audience. Some, in fact, advise holding TIPS only in tax-deferred accounts. In this paper, the authors develop a framework that allows us to demonstrate that the tax treatment of TIPS is trivially different from that of conventional Treasury securities. Utilizing an after-tax valuation approach, they further show that under relatively conservative projections for inflation, TIPS generally have after-tax yields comparable to, if not exceeding, conventional fixed-rate Treasury securities.Investments ; Taxation ; Securities ; Interest rates ; Income tax