Abstract:
In this paper the relationship between inflation and stock returns in Australia is examined. It is found that increases in the price level reduce the real level of the stock price index. However, it is also found that the question of whether persistent increases in inflation affect real returns cannot be addressed using the Australian data. Copyright 2001 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia
Related works: Working Paper: Stock Returns and Inflation (1998) This item may be available elsewhere in EconPapers: Search for items with the same title.