Geromichalos, Athanasios; Licari, Juan M; Suarez-Lledo, Jose - In: Review of Economic Dynamics 10 (2007) 4, pp. 761-779
, inflation is higher and the return on money decreases. In equilibrium, no arbitrage amounts to equating the real return of both … inflation and asset returns is in the spirit of research in finance initiated in the early 80's. (Copyright: Elsevier) …