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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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2021/219 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |