English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 56552/90363 (63%)
造訪人次 : 11830581      線上人數 : 159
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/50335


    題名: Inflation and Real Stock Returns Revisited
    作者: 林淑琴;Lin, Shu-chin
    貢獻者: 淡江大學經濟學系
    日期: 2009-10-01
    上傳時間: 2010-08-09 15:40:17 (UTC+8)
    出版者: Wiley-Blackwell
    摘要: The article uses the (unbalanced) panel data to revisit the effects of expected inflation, unexpected inflation, and inflation uncertainty on real stock returns. The empirical results are obtained via the pooled mean group estimator, which can be applied to I(1) and/or I(0) variables, and can distinguish long- and short-run effects. Using a panel of 16 industrialized Organization for Economic Cooperation and Development countries over the 1957:Q1 to 2000:Q1 period, we find that anticipated inflation and inflation uncertainty tend to have insignificant short-run effects, while they appear to have negative long-run impacts on real stock returns. Moreover, we find coexistence of a negative long-run effect and a positive short-run effect of unanticipated inflation on real stock returns. These findings help clarify the conflicting conclusions of both empirical and theoretical studies on this issue. (JEL C23, E31, G12) Reprinted by permission of the publisher.
    關聯: Economic Inquiry 47(4), pp.783-795
    DOI: 10.1111/j.1465-7295.2008.00193.x
    顯示於類別:[經濟學系暨研究所] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    0095-2583_47(4)p783-795.pdf9152KbAdobe PDF366檢視/開啟
    index.html0KbHTML9檢視/開啟
    Inflation and Real Stock Returns Revisited.pdf2840KbAdobe PDF0檢視/開啟

    在機構典藏中所有的資料項目都受到原著作權保護.

    TAIR相關文章

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋