Inflation, output and stock prices: evid
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Bahram Adrangi; Arjun Chatrath; Todd M. Shank
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Article
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1999
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John Wiley and Sons
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English
β 101 KB
Research in economics and finance documents a puzzling negative relationship between stock returns and inflation rate in markets of industrialized economies. The present study investigates this relationship for the developing markets of Peru and Chile. Fama's model of linkages between inflation and