I establish that inflation risk is priced in the cross section of stock returns: Stocks that have low returns during … inflationary times command a risk premium. I estimate a market price of inflation risk that is comparable in magnitude to the price … of risk for the aggregate market. Inflation is therefore a key determinant of risk in the cross section of stocks. The …

We study investors' perceptions of inflation through the lens of a high-frequency event study and document that they … have a stagflationary view of the world. In response to higher-than-expected inflation, investors expect firms' nominal … even decline, with increases in nominal yields offset by larger increases in inflation expectations. Consistent with a …

We examine the impact of expected inflation on stock returns. We use inflation forecasts from the Focus survey and real … $ percentage point in expected inflation for the next 12 months is associated with a decline of $ 0.57 $ percentage points in stock … based on changes in inflation expectations from 2003 to 2016 has cumulated real returns of $ 135 $ percent while cumulated …

This study aims to explore the extent to which changes in wealth contributes to inflation utilizing a highly flexible …

). Companies that more frequently refer to inflation in their conference calls with analysts performed worse. Internationally …

In any economy, changes in inflation rate influence almost all economic activities directly or indirectly. In the … economic theory, it is understood that low and stable inflation is desired as a key objective of economic policy. On the … contrary, high inflation is widely believed to hold back economic growth and is contrary to social justice. Thus the …