Uncertain inflation, systematic risk, and the capital asset pricing model

Thomas A. Lawler

No 78-02, Working Paper from Federal Reserve Bank of Richmond

Abstract: The Sharpe-Linter two parameter Capital Asset Pricing Model (CAPM) has been the basis for an extraordinary amount of theoretical and empirical work. As originally developed, the CAPM did not explicitly account for the effects of uncertain inflation on asset prices.

Keywords: Inflation (Finance); Risk; Equilibrium (Economics) (search for similar items in EconPapers)
Date: 1978
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.richmondfed.org/publications/research/working_papers/1978/wp_78-2.cfm (text/html)
https://www.richmondfed.org/-/media/RichmondFedOrg ... /1978/pdf/wp78-2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedrwp:78-02

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().