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Inflation and Asset Prices in an Exchange Economy

This paper studies the pricing of common stocks in the context of a monetary, rational expectations equilibrium. Special attention is given to the relationship between inflation and asset returns.

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Bibliographic Details
Published in:Econometrica 1986-05, Vol.54 (3), p.585-605
Main Authors: Danthine, Jean-Pierre, Donaldson, John B.
Format: Article
Language:English
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Description
Summary:This paper studies the pricing of common stocks in the context of a monetary, rational expectations equilibrium. Special attention is given to the relationship between inflation and asset returns.
ISSN:0012-9682
1468-0262
DOI:10.2307/1911309