Cut to the chase: Inflation risks within and across asset classes
We thank Ravi Bansal, Paolo Cavallino (discussing), Anna Cieslak (discussing), Nuno Clara (discussing), Winston Dou, Bjorn Eraker (discussing), Joao Gomes, Zhengyang Jiang (discussing), Hyung Joo Kim (discussing), Xuewen Liu , Ali Ozdagli (discussing), Carolin Pflueger (discussing), Ivan Shaliastovich, Andrea Vedolin (discussing), Robert Vigfusson (discussing), Michael Weber (discussing), as well as seminar and conference attendees from the ASU Sonoran Conference , CEBRA Workshop for Commodities and Macroeconomics, CICF, EFA, FIRS, HKU, JHU Carey Finance Conference, Kellogg, MFA, New Zealand Finance Meeting, NBER Lont-Term Asset Management conference, SED, Triangle Macro Finance Seminar, Utah Winter Finance conference, Vienna Symposium for Foreign Exchange Markets, Virtual Israel Macro Meeting and Wharton for their valuable comments and suggestions. This project is supported by the Research Grants Council of the Hong Kong Special Administrative Region, China (Project No. 17611718), as well as the Jacobs Levy Equity Management Center for Quantitative Financial Research at Wharton. All errors belong to us. The opinions expressed here are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.