Title
Inflation and Real Stock Prices
Document Type
Article
Publication Date
1997
Publication Source
Applied Financial Economics
Abstract
A time series measure of expectations is used to demonstrate the existence of an inverse relationship between inflation and real stock prices, even after controlling for output shocks. This provides some evidence against Fama's famous conjecture.
Inclusive pages
265-266
ISBN/ISSN
0960-3107
Publisher
Taylor & Francis
Volume
7
Peer Reviewed
yes
Issue
3
eCommons Citation
Caporale, Tony and Jung, Chulho, "Inflation and Real Stock Prices" (1997). Economics and Finance Faculty Publications. 17.
https://ecommons.udayton.edu/eco_fac_pub/17
COinS
