西方指数国债对我国国债品种优化的启示

通过对西方指数国债和名义国债的偿付方式、经济功能及风险的比较 ,可以看出 ,指数国债具有保值、调控债务存量、引导消费的投资预期、较大的真实利率风险和违约风险等特征 ,并指出政府采取有效的、宏观的调控措施稳定通货膨胀率 ,将有助于我国早日推出指数国债 ,优化目前单一的国债品种。

Enlightenment for Optimization of Government Bond Categories in China from Western Indexed Bonds

Based on the comparison of indexed bonds with the nominal bonds in payment, economic functions and risks, the paper analyses the features of indexed bonds, such as stabilizing the real value of bonds, adjusting bonds, changing the expectation in consumption and investment, greater real interest rate risks and contract breach risk. Also, it is pointed out that it will be helpful to issue indexed bonds and optimize the categories of government bonds in China so that our government can take effective measures to keep the inflation rate at a lower level.