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Capital Market Returns and Inflation Nexus in Croatia: Wavelet Coherence Analysis

Author

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  • Bošnjak Mile
  • Novak Ivan
  • Bašić Maja

    (The University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia)

Abstract

Background: Hedging against inflation assumes instruments such as gold, stocks, fixed income securities, and real estate. There still exists a lack of appropriate strategy to hedge against inflation.

Suggested Citation

  • Bošnjak Mile & Novak Ivan & Bašić Maja, 2021. "Capital Market Returns and Inflation Nexus in Croatia: Wavelet Coherence Analysis," Business Systems Research, Sciendo, vol. 12(2), pages 253-267, December.
    • Handle: RePEc:bit:bsrysr:v:12:y:2021:i:2:p:253-267:n:18
    DOI: 10.2478/bsrj-2021-0031
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    References listed on IDEAS

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    More about this item

    Keywords

    inflation; hedging; wavelet analysis; stock market index;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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