Given the current soar of inflation, it is impractical for contracts to be entered into under the presumption that the value of money remains constant. The author discusses how this risk of inflation may be shifted or shared, and stresses the important role index clauses may play in allocating this new risk.
Stephen A. Chaplin,
Redistributing the Cost of Inflation,
34 U. Miami L. Rev.
Available at: http://repository.law.miami.edu/umlr/vol34/iss2/5