Asset Returns and Measured Inflation

G J Santoni and H Brian Moehring

Journal of Money, Credit and Banking, 1994, vol. 26, issue 2, 232-48

Abstract: This paper analyzes the inverse relationship between estimated real returns on assets and estimates of the expected rate of inflation that is commonly noted in the literature. The authors suggest that this puzzling relationship may be produced by an inappropriate application of currently published price indices to the problem of measuring asset returns. Copyright 1994 by Ohio State University Press.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:26:y:1994:i:2:p:232-48

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