The purpose of the present paper is to investigate the effects of expected inflation on the general level of common … inflation on P. To anticipate, we find that increases in expected inflation depress current equity prices by bout the same … amount as found in a related study of Modigliani and Cohn: a l00 basis point increase in expected inflation, holding real …

The purpose of the present paper is to investigate the effects of expected inflation on the general level of common … inflation on P. To anticipate, we find that increases in expected inflation depress current equity prices by bout the same … amount as found in a related study of Modigliani and Cohn: a l00 basis point increase in expected inflation, holding real …

Inflation risks are explicit in either (i) the nominal pricing of real payoffs in which prices are denominated in … involves over-the-counter inflation-indexed contracts of real asset market, the latter involves exchange-traded and highly … markets. The model obtains a liquidity-free distribution of future inflation using new price data of T-note futures in nominal …