Al-Khazali, Osamah M.; Pyun, Chong Soo - In: Review of Quantitative Finance and Accounting 22 (2004) 2, pp. 123-140
This paper investigates the statistical relationship between stock prices and inflation in nine countries in the Pacific-Basin. On balance, regression analysis on the nine markets shows negative relationships between stock returns in real terms and inflation in the short run, while...