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Stock prices, inflation and real activity: a test of the Fama hypothesis, 1920-84

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  • Rik Hafer
  • Clemens J. M. Kool

Abstract

Also called: Inflation and stock prices: a long term view

Suggested Citation

  • Rik Hafer & Clemens J. M. Kool, 1988. "Stock prices, inflation and real activity: a test of the Fama hypothesis, 1920-84," Working Papers 1986-001, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlwp:1986-001
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    References listed on IDEAS

    as
    1. Fama, Eugene F, 1981. "Stock Returns, Real Activity, Inflation, and Money," American Economic Review, American Economic Association, vol. 71(4), pages 545-565, September.
    2. Thomas Willett & D. Laband & Todd Sandler & David Davies & Douglass North, 1981. "Reviews," Public Choice, Springer, vol. 37(2), pages 377-388, January.
    3. Schwert, G William, 1981. "The Adjustment of Stock Prices to Information about Inflation," Journal of Finance, American Finance Association, vol. 36(1), pages 15-29, March.
    4. Gordon, Robert J, 1982. "Price Inertia and Policy Ineffectiveness in the United States, 1890-1980," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1087-1117, December.
    5. Fama, Eugene F. & Gibbons, Michael R., 1982. "Inflation, real returns and capital investment," Journal of Monetary Economics, Elsevier, vol. 9(3), pages 297-323.
    6. Pearce, Douglas K, 1984. "An Empirical Analysis of Expected Stock Price Movements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(3), pages 317-327, August.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Inflation (Finance); Stock - Prices;

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