Advanced search
Publication Cover
Applied Economics Letters Volume 14, 2007 - Issue 8
Submit an article Journal homepage
486
Views
4
CrossRef citations to date
0
Altmetric
Original Articles

The relationship between stock returns and inflation in four European markets

Chulho Jung Department of Economics, Ohio University, Athens, OH 45701, USACorrespondence[email protected]
,
William Shambora Department of Economics, Ohio University, Athens, OH 45701, USA
&
Kyongwook Choi Department of Economics, Ohio University, Athens, OH 45701, USA
Pages 555-557 | Published online: 18 Jun 2007

References

  • Caporale , T and Jung , C . 1997 . Inflation and real stock prices . Applied Financial Economics , 7 : 265 – 66 .
  • Chatrath , A , Ramchander , S and Song , F . 1997 . Stock prices, inflation and output: evidence from India . Applied Financial Economics , 7 : 439 – 45 .
  • Fama , EF . 1981 . Stock returns, real activity, inflation, and money . American Economic Review , 71 : 545 – 65 .
  • Fama , EF and Schwert , GW . 1977 . Asset returns and inflation . Journal of Financial Economics , 5 : 115 – 46 .
  • Feldstein , M . 1980 . Inflation and the stock market . American Economic Review , 71 : 849 – 47 .
  • Gallagher , LA and Taylor , MP . 2002 . The stock return-inflation puzzle revisited . Economics Letters , 75 : 147 – 56 .
  • Jung , C and Shambora , WE . Inflation and real stock returns in Asian markets . Journal of Emerging Markets , 10 48 – 54 .
  • Nelson , CR . 1976 . Inflation and rates of return on stocks . Journal of Finance , 31 : 471 – 83 .
  • Pagan , A . 1984 . Econometric issues in the analysis of regressions with generated regressors . International Economic Review , 25 : 901 – 22 .
  • Rapach , DE . 2002 . The long-run relationship between inflation and real stock prices . Journal of Macroeconomics , 24 : 331 – 51 .
  • Schwert , GW . 1981 . The adjustment of stock prices to information about inflation . Journal of Finance , 36 : 15 – 29 .
  • Shiller , RJ and Beltratti , AE . 1992 . Stock prices and bond yields: can their comovements be explained in terms of present value models? . Journal of Monetary Economics , 30 : 25 – 46 .
  • Sharpe , S . 2002 . Reexamining stock valuation and inflation: the implications of analysts’ earnings forecasts . The Review of Economics and Statistics , 84 : 632 – 48 .
  • Spyrou , SI . 2004 . Are stocks a good hedge against inflation? Evidence from emerging markets . Applied Economics , 36 : 41 – 8 .
  • Zhao , X . 1999 . Stock prices, inflation and output: evidence from China . Applied Economics Letters , 6 : 509 – 11 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.