Asset Returns and Measured Inflation

Asset Returns and Measured Inflation

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. We suggest that this puzzling relationship may be produced by an inappropriate application of currently published price indi...

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Veröffentlicht in:Journal of money, credit and banking credit and banking, 1994-05, Vol.26 (2), p.232-248
Hauptverfasser: Santoni, G. J., Moehring, H. Brian
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Asset management
Asset valuation
Assets
Bank credit
Consumer economics
Consumer Price Index
Credit
Durable goods
Economic research
Economic theory
Gross investment
Gross national product
Inflation
Inflation (Economics)
Inflation (Finance)
Inflation rates
Interest rates
Liquidity (Finance)
Mathematical analysis
Price indexes
Price indices
Rates of return
Return on investment
Securities markets
Studies
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Beschreibung
Zusammenfassung: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. We suggest that this puzzling relationship may be produced by an inappropriate application of currently published price indices to the problem of measuring asset returns. (Printed by permission of the publisher.)
ISSN:0022-2879
1538-4616
DOI:10.2307/2077907