Asset Returns and Measured Inflation
分析文献中常见的资产实际回报与预期通胀率之间的反向关系，认为这一令人困惑的关系可能源于将当前公布的价格指数不当应用于资产回报的测度。
This paper analyzes the inverse relationship between estimated real returns on assets and estimates of the expected rate of inflation that is commonly noted in the literature. The authors suggest that this puzzling relationship may be produced by an inappropriate application of currently published price indices to the problem of measuring asset returns. Copyright 1994 by Ohio State University Press.