THE EFFECT OF INFLATION ON EQUITY RETURNS: THEORY AND EMPIRICAL TESTS FOR JAPANESE MARKETS.
This study develops empirical models for comprehensive inflation effects on stock returns in the Japanese economic and financial framework. Basically these models deal with the two kinds of wealth effects and inflation risk premia. The wealth transfers are related to a tax system and other instituti...
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| Language: | en |
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The University of Arizona.
1983
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| Online Access: | http://hdl.handle.net/10150/186460 |