haku: @indexterm inflation rates / yhteensä: 77
viite: 6 / 77
| Tekijä: | Henry, P. B. |
| Otsikko: | Is disinflation good for the stock market? |
| Lehti: | Journal of Finance
2002 : AUG, VOL. 57:4, p. 1617-1648 |
| Asiasana: | Financial theory Stock markets Inflation rates Stabilization |
| Kieli: | eng |
| Tiivistelmä: | The stock market appreciates by an average of 24 percent in real dollar terms when countries attempt to stabilize annual inflation rates that are greater than 40 percent. These results suggest that the potential long-run benefits of stabilization may dominate short-run costs at high levels of inflation, but at low to moderate levels of inflation, benefits may be offset by costs in a present value sense. Stock market responses also help predict the change in inflation and output in the year follwing all 81 stabilization efforts. |
SCIMA