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The study examines the effect of inflation on stock returns of the stocks listed on the Nigerian Stock Exchange … purpose of analysis. The analysis was done using ordinary least square regression and it was found that an inflation rate has … an effective hedge against inflation in Nigeria. It is recommended that policies geared at controlling inflation should …
Persistent link: https://www.econbiz.de/10012834561
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This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10012464627
This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10012771830
We construct a slope factor from changes in federal funds futures of different horizons. A positive slope signals faster monetary policy tightening and predicts negative excess returns at the weekly frequency. Investors can achieve increases in weekly Sharpe ratios of 20% conditioning on the...
Persistent link: https://www.econbiz.de/10012935261
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Persistent link: https://www.econbiz.de/10003724838
"This paper examines the association between inflation, monetary policy and U.S. stock market conditions during the … episodes and find evidence that inflation and interest rate shocks had particularly strong impacts on market conditions in the … postwar era. Disinflation shocks promoted market booms and inflation shocks contributed to busts. We conclude that central …
Persistent link: https://www.econbiz.de/10003741414
Historical data and model simulations support the following conclusion. Inflation is low during stock market booms, so … that an interest rate rule that is too narrowly focused on inflation destabilizes asset markets and the broader economy … role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …
Persistent link: https://www.econbiz.de/10012462254
Historical data and model simulations support the following conclusion. Inflation is low during stock market booms, so … that an interest rate rule that is too narrowly focused on inflation destabilizes asset markets and the broader economy … role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and …
Persistent link: https://www.econbiz.de/10013069208