Stock Returns and Inflation Redux : An Explanation from Monetary Policy in Advanced and Emerging Markets /

Classical theories of monetary economics predict that real stock returns are negatively correlated with inflation when monetary policy is countercyclical. Previous empirical studies mostly focus on a small group of developed countries or a few countries with hyperinflation. In this paper, I examine...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Zhang, Zhongxia
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2021.
Sarja:IMF Working Papers; Working Paper ; No. 2021/219
Aiheet:
Linkit:Full text available on IMF