In this paper, we use a modified concept of Granger-(non)causality in reconsidering the negative correlation between stock returns and inflation known in the literature as stock return-inflation puzzle. Based on the quarterly data for Germany including stock returns, inflation rates and growth...

Using an industry-specific partial-equilibrium (PE) Armington model, we simulate several industry-specific shocks that have been previously simulated using an Armington-style computable general equilibrium (CGE) models. We draw on two Armington-style CGE studies that simulate an...