Rushdi, Mustabshira; Kim, Jae H.; Silvapulle, Param - In: Economic Modelling 29 (2012) 3, pp. 535-543
This paper conducts an empirical investigation into the long run relationship between real stock returns and inflation in Australia by employing the ARDL bounds tests. There exists a stock return–inflation long run relationship, and the long run parameters are non-linear functions of those of...