Construct · 1 fields · 1 citations

inflation illusion: a standalone construct

One name. One construct. A landmark on the map.

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Asset pricing

the hypothesis that investors discount real cash flows at nominal rates during inflation, so stocks become undervalued when inflation is high.

In asset pricing, inflation illusion refers to the hypothesis that investors discount real cash flows at nominal rates during inflation, so stocks become undervalued when inflation is high. This meaning comes from Modigliani (1979) in Financial Analysts Journal.[1]

Unit
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Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs discount3 fields · 4 citationsjingle · one word, three constructs hypothesis2 fields · 2 citationsjingle · one word, two constructs

References

Modigliani, F., & Cohn, R. A. (1979). Inflation, Rational Valuation and the Market. Financial Analysts Journal, 35(2), 24-44. https://doi.org/10.2469/faj.v35.n2.24

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