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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2021/219 |
| Onderwerpen: | |
| Online toegang: | Full text available on IMF |