previous year goverment expenditure, the expectation of adaptive inflation, interest rates of United States, money supply, and …, independent variables such as the previous year goverment expenditure, the expectation of adaptive inflation, and interest rates …

Previous research has documented a negative relation between inflation and stock returns in the U.S. and selected … countries to contain inflation, stock returns are negatively related to inflation. It will be interesting to know whether the …This paper finds that stock returns and inflation in Hong Kong are generally positively related, but the relation is …

-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …

explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …