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Original Articles

Stock returns and inflation: evidence from an emerging market

Pages 447-450 | Published online: 06 Oct 2010

References

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  • Fama , E. 1981 . Stock returns, real activity, inflation and money . American Economic Review , 71 : 545 – 565 .
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  • Graham , F. C. 1996 . Inflation, real stock returns, and monetary policy . Applied Financial Economics , 6 : 29 – 35 .
  • Johansen , S. and Juselius , K. 1990 . Maximum likelihood estimation and inference on cointegration — with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
  • Marshall , D. 1992 . Inflation and asset returns in a monetary economy . Journal of Finance , 57 : 1315 – 1342 .
  • Solnik , B. 1983 . The relation between stock returns and inflationary expectations: international evidence . Journal of Finance , 39 : 35 – 48 .

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