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Original Articles

Does inflation affect stock prices?

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Pages 767-769 | Published online: 01 Aug 2008

References

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  • Gallagher , L. and Taylor , M. P. 2002b . Permanent and temporary components of stock prices: evidence from assessing macroeconomic shocks . Southern Economic Journal , 69 : 345 – 62 .
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  • Modigliani , F. and Cohn , R. A. 1979 . Inflation, rational valuation and the market . Financial Analysts Journal , 35 : 24 – 44 .
  • Rapach , D. E. 2002 . The long-run relationship between inflation and real stock prices . Journal of Macroeconomics , 24 : 331 – 51 .
  • Spyrou , S. I. 2004 . Are stocks a good hedge against inflation? Evidence from emerging markets . Applied Economics , 36 : 41 – 8 .

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