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Advances in Investment Analysis and Portfolio Management, Volume 8 (Advances in Investment Analysis and Portfolio Management)
September 1, 2001, JAI Press
Hardcover
in English
0762307986 9780762307982
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Book Details
First Sentence
"The observed negative relationship between common stock returns and various measures of expected and unexpected inflation during the post-World War II period is "troublesome" because it appears to contradict Fisher's (1930) prediction of a positive relationship between expected inflation and nominal asset returns, and the received wisdom that common stocks are hedges against inflation."
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