Journal Article
Disinflation, equity valuation, and investor rationality
Abstract: An examination of the relationship between inflation and equity prices, concluding that equity prices respond rationally to such factors as real interest rates and risk.
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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1986-quarter-4-4742?page=4
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1986
Issue: Q IV
Pages: 2-10