Inflation Illusion, Credit, and Asset Pricing
收藏NBER2007-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12957
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资源简介：
This paper considers asset pricing in a general equilibrium model in which some, but not all, agents suffer from inflation illusion. Illusionary investors mistake changes in nominal interest rates for changes in real rates, while smart investors understand the Fisher equation. The presence of smart
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美国国家经济研究局创建时间：
2007-03-01
