Schmeling, Maik; Schrimpf, Andreas - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
We show empirically that survey-based measures of expected inflation are significant and strong predictors of future … money illusion seems to be the driving force behind our results. Another popular hypothesis - inflation as a proxy for ….K., Germany, France, Italy, and Japan, which allows an international investigation
of inflation and asset returns. Up to now, the …