Title
Price inflation and stock returns
Department/School
Finance
Date of this version
2012
Document Type
Article
Keywords
Inflation, equity premium, dividend yield
Abstract
This letter demonstrates that price inflation and stock returns display differing relationships depending on the measure of inflation used. The regularity that price inflation and stock returns are negatively related in post-World War II depends on the model specification.
Volume
1
Issue
16
Published in
Economics Letters
Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.
COinS
Citation/Other Information
1(16), 385-388