An examination of the relationship between inflation and equity prices, concluding that equity prices respond rationally to such factors as real interest rates and risk.Corporations - Finance ; Inflation (Finance) ; Stocks

Jerome S. Fons

William P. Osterberg

English

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http://www.clevelandfed.org/research/review/1986/86-q4-fons.pdf

Disinflation, equity valuation, and investor rationality

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Research Papers in Economics