search query: @author Wong, M. / total: 2
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| Author: | Lee, S. Tang, D. Wong, M. |
| Title: | Stock returns during the German hyperinflation |
| Journal: | Quarterly Review of Economics and Finance
2000 : FALL, VOL. 40:3, p. 375-386 |
| Index terms: | GERMANY INFLATION STOCK RETURNS |
| Language: | eng |
| Abstract: | The authors examine the relationship between stock returns and inflation during the German hyperinflation period. As Cagan (1956) argues, hyperinflation is close to a pure monetary phenomenon, the monetary sector is almost isolated from the real sector of the economy. The authors can thus study the impact of inflation on common stock returns directly, unaffected by the potential interactions of other economic variables such as expected real output. |
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