ThreeBearsBalancedWithText_03Oct2023_Third
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inflation
[discount_rates_problem] [main_variables] [inflation]

The contract payments are either nominal or fully index-linked to RPI (longer true record). The differences between RPI and either CPI or CPIH are explored here.

Because I am no longer using ILGs, the same expected long-term inflation is assumed for mark-to-market as for off-market.