Excerpt from Asset Pricing and Expected Inflation
Evidence to justify the hypothesis that an unexpected increase in the growth rate of real activity not only causes an increase in stock prices, but also a.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book crafts an equilibrium model in which stock returns show a negative correlation with inflation and monetary growth. The author proves that a rise in inflation erodes real wealth, leading to a decrease in both real interest rates and expected real returns on the stock market portfolio. Crucially, the fall in returns is smaller when inflation rises due to increased money supply rather than a worsening investment climate. The book aligns with previous explanations for the negative correlation between stock returns and inflation but provides novel insights into the cross-sectional distribution of asset returns, explaining why assets tied to inflation may have lower expected returns. Ultimately, the book underscores the complex relationship between inflation, monetary policy, and investment decisions. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334279362_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334279362
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334279362
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Paperback. Condition: Brand New. 38 pages. 9.02x5.98x0.08 inches. This item is printed on demand. Seller Inventory # zk1334279365
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Seller: moluna, Greven, Germany
Condition: New. KlappentextrnrnExcerpt from Asset Pricing and Expected InflationEvidence to justify the hypothesis that an unexpected increase in the growth rate of real activity not only causes an increase in stock prices, but also a.About the . Seller Inventory # 2148129109
Quantity: Over 20 available
Seller: Buchpark, Trebbin, Germany
Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 28114524/2