SHANMUGAM, K.R.; MISRA, Biswa Swarup - In: Applied Econometrics and International Development 9 (2009) 1
This study contributes to the stock returns-inflation relation literature in developing countries by revisiting the … provides an effective hedge against inflation using monthly data on real stock return, inflation and real activity from April … reflects future real activity; (ii) the negative stock returns-inflation relation emerges from the unexpected component of the …