The matching portfolio for nominal liabilities is an appropriate mix of (zero-coupon) nominal bonds.
His article shows the implications for government finance of introducing consistent accounting for unfunded public sector and private sector liabilities.
However, pension liabilities can also increase as a result of a decrease in the discount rate.
If it accepted that the asset allocation of a pension fund should match the liabilities, the derivation of the entire efficiency frontier is unnecessary.
Decisions about subject and institution might reflect an assessment of one's biographical liabilities rather than one's academic interests.
He is not unmindful of their shortcomings but is at great pains to explain that these liabilities can be overcome.
Apparently challengers who are disadvantaged in terms of resources and name recognition offer moderate positions in an attempt to compensate for their non-policy liabilities.
Both the assets and the liabilities of the personal sector have been rising rapidly over the past ten years.
