Stock Market Returns and Inflation: Evidence from Other Countries (original) (raw)

The Journal of Finance, 1983

Nihat Gultekin

Bulent Gultekin

Abstract

THE SUDDEN SURGE OF price increases since 1973 has revived interest in the properties of financial assets as hedges against inflation. Lintner [20], Oudet [25], Bodie [1], Jaffe and Mandelker [17], and Nelson [24] have all reported that common stocks in the US have been poor ...

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