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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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Published in: | Econometrica 1986-05, Vol.54 (3), p.585-605 |
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Main Authors: | , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that cite this one |
Online Access: | Get full text |
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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. |
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ISSN: | 0012-9682 1468-0262 |
DOI: | 10.2307/1911309 |