Price inflation and stock returns

Jeffrey Oxman

Economics Letters, 2012, vol. 116, issue 3, 385-388

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.

Keywords: Inflation; Equity premium; Dividend yield (search for similar items in EconPapers)
JEL-codes: G1 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:385-388

DOI: 10.1016/j.econlet.2012.04.024

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