Language: English
Published by Hardpress Publishing, 2013
ISBN 10: 131464579X ISBN 13: 9781314645798
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.
Language: English
Published by Hardpress Publishing, 2013
ISBN 10: 131464579X ISBN 13: 9781314645798
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.
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.
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 .
Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar.
Seller: Revaluation Books, Exeter, United Kingdom
Paperback. Condition: Brand New. 38 pages. 9.02x5.98x0.08 inches. This item is printed on demand.