Laurila, Hannu; Ilomäki, Jukka - In: Journal of risk and financial management : JRFM 13 (2020) 12/329, pp. 1-10
-free fiat money. The analysis concentrates on the effects of decreasing value of money, or inflation, on the rational investors …’ behavior and the asset market. The main findings are the following: Inflation does not affect the informed investors …’ prediction coefficient but makes that of the uninformed investors diminish. Inflation does not affect rational investors’ risk …