Fundamentally, stocks are a good hedge against inflation if corporate profitability keeps up with inflation. Using … monthly stock-market data covering over 151 years from 1871 to 2022, this paper analyzes the relationship between inflation … between corporate profitability and inflation varies across sample periods, time horizons, and ranges of inflation. Corporate …

policy and higher inflation. We conclude that profitability concerns, although absent from standard theory, are present and …

profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the … absent when no such factors are present, and (ii) correlated with more lenient monetary policy inputs and greater inflation …

High current inflation is driven in part by the monopoly rents of big companies. We do not have wage-price, but profit …Die derzeit hohe Inflation wird auch durch hohe Monopolrenten von Konzernen getrieben. Es liegt nicht eine Lohn …-Preis-, sondern eine Gewinn-Preis-Spirale vor. Die Monopolrenten sind möglich, da zuletzt vor allem durch Firmenübernahmen …

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …