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Article
Inflation and Real Stock Prices
Applied Financial Economics
  • Tony Caporale, University of Dayton
  • Chulho Jung, Ohio University - Main Campus
Document Type
Article
Publication Date
1-1-1997
Abstract
A time series measure of expectations is used to demonstrate the existence of an inverse relationship between inflation and real stock prices, even after controlling for output shocks. This provides some evidence against Fama's famous conjecture.
Inclusive pages
265-266
ISBN/ISSN
0960-3107
Publisher
Taylor & Francis
Peer Reviewed
Yes
Citation Information
Tony Caporale and Chulho Jung. "Inflation and Real Stock Prices" Applied Financial Economics Vol. 7 Iss. 3 (1997)
Available at: http://works.bepress.com/tony_caporale/12/