RT Journal Article SR Electronic T1 Inflation Illusion and the (Mis) Pricing of Assets and Liabilities JF The Journal of Investing FD Institutional Investor Journals SP 29 OP 36 DO 10.3905/joi.2005.517172 VO 14 IS 2 A1 Joshua N. Feinman YR 2005 UL https://pm-research.com/content/14/2/29.abstract AB Inflation, crucial to people's economic and financial decisions, is often handled improperly in conventional valuation frameworks. Forecasts of future nominal cash flows are not always based on the same expected rate of inflation that is in the nominal interest rate used to discount those cash flows. This can lead to mispricing of assets and liabilities, especially when nominal interest rates and expected inflation move outside recent norms.