Inflation Inflation Risks And Asset Returns
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Inflation Inflation Risks And Asset Returns
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Author : Jo Corkish
language : en
Publisher:
Release Date : 1994
Inflation Inflation Risks And Asset Returns written by Jo Corkish and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Inflation categories.
Inflation Inflation Risks And Asset Returns
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Author : Jo Corkish
language : en
Publisher:
Release Date :
Inflation Inflation Risks And Asset Returns written by Jo Corkish and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Inflation Inflation Risk And Stock Returns
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Author : John Ammer
language : en
Publisher:
Release Date : 1994
Inflation Inflation Risk And Stock Returns written by John Ammer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Inflation (Finance) categories.
Risk Inflation And The Stock Market
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Author : Robert S. Pindyck
language : en
Publisher:
Release Date : 1983
Risk Inflation And The Stock Market written by Robert S. Pindyck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Corporations categories.
Most explanations for the decline in share values over the past two decades have focused on the concurrent increase in inflation.This paper considers an alternative explanation: a substantial increase in the riskiness of capital investments. We show that the variance of firms' real gross marginal return on capital has increased significantly, increasing the relative riskiness of investors' returns on equity, and that this can explain a large part of the market decline. We also assess the effects of increase in the mean and variance of the inflation rate, and a decline in firms' expected return on capital.
Inflation Hedging For Long Term Investors
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Author : Mr.Shaun K. Roache
language : en
Publisher: International Monetary Fund
Release Date : 2009-04-01
Inflation Hedging For Long Term Investors written by Mr.Shaun K. Roache and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-01 with Business & Economics categories.
Long-term investors face a common problem-how to maintain the purchasing power of their assets over time and achieve a level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the indirect hedging properties of traditional asset classes. In this paper, we assess these properties over different time horizons, in the context of a diversified portfolio. Using a vector error correction model, we find that effective short-run hedges, such as commodities, may not work over longer horizons and that tactical asset allocation could enhance investment returns following inflation surprises.
Stock Returns And Inflation Redux An Explanation From Monetary Policy In Advanced And Emerging Markets
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Author : Mr. Zhongxia Zhang
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-20
Stock Returns And Inflation Redux An Explanation From Monetary Policy In Advanced And Emerging Markets written by Mr. Zhongxia Zhang and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-20 with Business & Economics categories.
Classical theories of monetary economics predict that real stock returns are negatively correlated with inflation when monetary policy is countercyclical. Previous empirical studies mostly focus on a small group of developed countries or a few countries with hyperinflation. In this paper, I examine the stock return-inflation relation under different monetary policy regimes and conditions using an expanded dataset of 71 economies. Empirical evidence suggests that the stock return-inflation relation is partially driven by monetary policy. If a country’s monetary authority conducts a more countercyclical monetary policy, the stock return-inflation relation becomes more negative. In addition, the results differ by monetary policy framework. In exchange rate anchor countries, stock markets do not respond to monetary policy cyclicality. In inflation targeting countries, stock markets react more strongly to inflation. A key contribution of this paper is to classify inflation targeters by their behaviors, and illustrate that behavior matters in shaping market perceptions: markets react to inflation and monetary policy cyclicality when central banks are able to control inflation within their target bands. In this case markets are sensitive to inflation dynamics when inflation is above the announced target bands. Finally, when monetary policy is constrained by the Zero Lower Bound (ZLB), a structural break is introduced and real stock returns no longer respond to inflation and monetary policy cyclicality.
Risk And Rates Of Return
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Author : Maximilian Wegener
language : en
Publisher: GRIN Verlag
Release Date : 2013-05-29
Risk And Rates Of Return written by Maximilian Wegener and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-29 with Business & Economics categories.
Seminar paper from the year 2012 in the subject Business economics - Investment and Finance, grade: 9.0, Maastricht University (SBE), course: Intermediate Financial Management, language: English, abstract: In 1996, Northern Electric and Mid-Continent Gas merged into the North Central Utilities (NCU) since both companies were convinced that future success is dependent on the provision of an entire set of energy sources. Furthermore the merger put both firms in a better position compared to their competitors, especially in view of the fact that in 1996, regulatory changes empowered companies to compete for business in other firm’s territories. Beforehand, competition basically did not exist and the profits were determined easily. Companies knew the amount of capital invested, the cost of capital and the product of those two demonstrated the profits, which had to be generated. In the following case, several questions will be answered to the changing conditions in the utility industry....
Handbook Of Inflation Indexed Bonds
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Author : John Brynjolfsson
language : en
Publisher: John Wiley & Sons
Release Date : 1999-02-15
Handbook Of Inflation Indexed Bonds written by John Brynjolfsson and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-02-15 with Business & Economics categories.
Handbook of Inflation Indexed Bonds provides complete coverage of inflation protection bonds beginning with their first U.S. issuance in 1997. Five, in-depth sections detail: strategic asset allocation; mechanics, valuation, and risk monitoring; global environment; issuers; and investors.
Treasury Inflation Protected Securities Tips As An Asset Class Implicatons For Asset Allocation
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Author : Alexander Hardt
language : en
Publisher: GRIN Verlag
Release Date : 2014-07-15
Treasury Inflation Protected Securities Tips As An Asset Class Implicatons For Asset Allocation written by Alexander Hardt and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-15 with Business & Economics categories.
Bachelor Thesis from the year 2014 in the subject Business economics - Investment and Finance, grade: 1,0, Texas A&M University (Texas A&M University-Commerce), language: English, abstract: This thesis examines optimized portfolios of three investor types during four different time intervals ranging from 1998 to 2013 to determine if the inclusion of Treasury Inflation-Protected Securities (TIPS) has benefits for institutional investors such as pension plans, university endowments, foundations and sovereign wealth funds. The three investor types used in this study differ in their risk tolerance, with the more risk-averse investor type choosing not to include certain asset classes in his investment portfolio. The efficient frontier algorithm, developed by Prof. Harry Markowitz, is used to determine whether the inclusion of TIPS improves the risk/return profile of the portfolio. Sharpe ratio, developed by Prof. William Sharpe, is used to measure a portfolio’s risk adjusted performance. The study found that the benefits of the inclusion of TIPS in a portfolio vary by time period and investor type. While all investors were able to improve their risk return profile, the more risk-averse investor type benefits to a larger degree from the inclusion of TIPS. Furthermore, a significant increase in the financial efficiency was only observed in the 1998 to 2002 period. Therefore, the researcher concludes that the TIPS market is quite dynamic and investors need to take into account forward-looking information to profit from the inclusion of TIPS in investment portfolios.
Inflation And Deflation
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Author : Michael Albert
language : en
Publisher: Independently Published
Release Date : 2022-06-17
Inflation And Deflation written by Michael Albert and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-17 with categories.
Are You Ready for a Return of Long-Term Inflation and deflation. Like in the 1970s? Where and how should you put your money? Is inflation and deflation a friend or foe as you build your wealth? Who stands to gain from this Wealth Transfer? We shouldn't be surprised if high inflation or low deflation returns to the developed countries. Inflation is a predictable outcome of the current economic malaise and the policies we have adopted, based on historical similarities. Fiscal irresponsibility, high levels of government and private sector debt, and ultra-loose monetary policies are all likely to result in an inflationary phase. While we can't predict when a deflation or inflation risk event will occur, we can estimate the likelihood of it happening in general. Inflation and Deflation, asset classes for protection against inflation and dreaded deflation. It explains what's causing the worst inflationary storm in almost four decades, one that's grabbing headlines and shaking Americans' wallets. The cost-of-living boom that has occurred since the COVID outbreak has sparked fears of a recurrence of the "Great Inflation" of the 1970s. Some fear a return to the kind of hyperinflation that tore many countries apart during the Weimar Republic. Is this correct? What should be done if this is the case? What should we do to get ready for the future? Inflation and deflation provides answers to these and other concerns in a lively conversation that draws on the unique knowledge of Michael Albert, head of Hill Foundation and renowned for his financial and economic views. This book should serve as the beginning of a journey to better understand the dangers of high inflation and dreaded deflation and how they affect your business and personal life. Perhaps the journey will take you one step further, allowing you to turn inflation and deflation risks into significant opportunities, as several best practice examples have done in previous inflation and deflation eras. Companies and people who are concerned about inflation and deflation risks can currently choose from a variety of deflation and inflation tactics. This book discusses many of these ideas and concepts. As a result, the author's advice is straightforward: plan for the worse and hope for the best. Important risk management methods should not be based on hope and a gamble that everything will turn out great. When it comes to inflation concerns, the cost of being incorrect is extraordinarily significant.