Stock Prices Expected Returns And Inflation
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Stock Prices Expected Returns And Inflation
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Author : Steven Alan Sharpe
language : en
Publisher:
Release Date : 1999
Stock Prices Expected Returns And Inflation written by Steven Alan Sharpe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Inflation (Finance) categories.
Reexamining Stock Valuation And Inflation
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Author : Steven Alan Sharpe
language : en
Publisher:
Release Date : 2001
Reexamining Stock Valuation And Inflation written by Steven Alan Sharpe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Stock price forecasting categories.
The Effect Of Uncertain Inflation On Common Stock Prices
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Author : John E. Ferguson
language : en
Publisher:
Release Date : 1978
The Effect Of Uncertain Inflation On Common Stock Prices written by John E. Ferguson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Capital assets pricing model categories.
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.
Global Stock Markets
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Author : Wolfgang Drobetz
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-29
Global Stock Markets written by Wolfgang Drobetz and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-29 with Business & Economics categories.
Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle.
Models Of Inflation
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Author : Charles Edward Swanson
language : en
Publisher:
Release Date : 1991
Models Of Inflation written by Charles Edward Swanson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
Stock Prices Inflation And Stock Returns Predictability
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Author : Christophe Boucher
language : en
Publisher:
Release Date : 2008
Stock Prices Inflation And Stock Returns Predictability written by Christophe Boucher and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper considers a new perspective on the relationship between stock prices and inflation, by estimating the common long-term trend in real stock prices, as reflected in the earning-price ratio, and both expected and realized inflation. We study the role of the transitory deviations from the common trend in the earning-price ratio and realized inflation for predicting stock market fluctuations. In particular, we find that these deviations exhibit substantial insample and out-of-sample forecasting abilities for both real stock returns and excess returns. Moreover, we find that this variable provides information about future stock returns at short and intermediate horizons that is not captured by other popular forecasting variables.
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.
Expectations Investing
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Author : Michael J. Mauboussin
language : en
Publisher: Columbia University Press
Release Date : 2021-09-28
Expectations Investing written by Michael J. Mauboussin and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-28 with Business & Economics categories.
Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value. Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial results. After showing how to read expectations, Mauboussin and Rappaport provide a guide to rigorous strategic and financial analysis to help investors assess the likelihood of revisions to these expectations. Their framework traces value creation from the triggers that shape a company’s performance to the impact on the value drivers. This allows a practitioner of expectations investing to determine whether a stock is an attractive buy or sell candidate. Investors who read this book will be able to evaluate stocks of companies in any sector or geography more effectively than those who use the standard approaches of most investors. Managers can use the book’s principles to devise, adjust, and communicate their company’s strategy in light of shareholder expectations. This revised and updated edition reflects the many changes in accounting and the business landscape since the book was first published and provides a wealth of new examples and case studies.
Monetary Regimes And The Relation Between Stock Returns And Inflationary Expectations
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Author : Gautam Kaul
language : en
Publisher:
Release Date : 1987
Monetary Regimes And The Relation Between Stock Returns And Inflationary Expectations written by Gautam Kaul and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.