Results 241 to 250 of about 699,065 (279)

Inflation-Hedging Assets

SSRN Electronic Journal, 2016
This paper examines inflation and the role of inflation-hedging assets in an institutional portfolio. Even in the current environment of low realized inflation, inflation risk remains, in the form of inflation surprises, which have historically been damaging for equity and bond portfolios.
Roberto Jose Obregon, Frank Benham, Timur Yontar   +2 more
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Inflation and the Price of Real Assets

SSRN Electronic Journal, 2020
This paper considers price and quantity movements in the three major asset classes — real estate, equity, and nominal fixed income — in the postwar period. To understand these movements, we compute a sequence of temporary equilibria in a lifecycle model with heterogeneous agents and uninsurable nominal risk.
Matteo Leombroni, Monika Piazzesi, Martin Schneider, Ciaran Rogers   +3 more
openaire   +2 more sources

Inflation, inflation risks and asset returns [PDF]

, 1994
If low and stable inflation is maintained then the economic environment in the United Kingdom will be very different from any sustained period in the post-war era. This may have significant implications for financial markets: asset prices, the demand and supply for various types of financial contract, and the structure of financial intermediation are ...
Jo Corkish, David Miles
openaire  

Money/Asset Ratio as a Predictor of Inflation

SSRN Electronic Journal, 2020
This paper modifies a P-star model to forecast inflation using an argument that is in line with the concept of “price gap”. Liquid assets such as government bonds are also included to measure money demand for asset transaction. The out-of-sample forecast results show that, at least since the early 1990s, money supply/government debt ratio has been a ...
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The Impact of Inflation on the Aggregate Debt‐Asset Ratio

The Journal of Finance, 1985
ABSTRACTThis paper demonstrates that, contrary to the results of previous studies, the impact of inflation on the aggregate debt‐asset ratio cannot be determined theoretically. However, it is shown that inflation is likely to increase this ratio when personal income tax schedules are indexed to the price level and/or when leverage‐related costs are ...
Hochman, Shalom, Palmon, Oded
openaire   +1 more source

Asset Prices in the Measurement of Inflation [PDF]

De Economist, 2001
The debate over including asset prices in the construction of an inflation statistic has attracted renewed attention in recent years. Virtually all of this (and earlier) work on incorporating asset prices into an aggregate price statistic has been motivated by a presumed, but unidentified transmission mechanism through which asset prices are leading ...
Bryan, Michael F, Cecchetti, Stephen G., O'Sullivan, Róisín   +2 more
openaire   +3 more sources

Inflation and Asset Returns in a Monetary Economy

The Journal of Finance, 1992
ABSTRACTPostwar U.S. data are characterized by negative correlations between real equity returns and inflation and by positive correlations between real equity returns and money growth. These patterns are closely matched quantitatively by an equilibrium monetary asset pricing model.
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Monetary Policy and Asset Inflation

SSRN Electronic Journal, 2013
This paper shows that asset (share price) inflation mostly responds to changes in monetary policy in the same direction as goods inflation. However, in certain important episodes, asset inflation booms while monetary policy is well controlled and goods inflation is low.Recognizing these 'aberrant episodes' has important implications for monetary policy,
PD David Jonson, Elizabeth Prior Jonson, Ka Mun Ho   +2 more
openaire   +1 more source

Asset returns and inflation : assets as hedges against inflation : Australian evidence

This research report examines various Australian financial assets as hedges against both expected and unexpected inflation for the period March 1961 to June 1996. To investigate the consistency of relationships between various financial asset returns and both expected and unexpected inflation, six subperiods are examined.
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Expected Inflation and Asset Returns

SSRN Electronic Journal, 2019
There is a large body of literature on which assets are a good hedge against inflation. Most of these studies are concentrated on US or other developed countries. The present study has a wider focus; it examines the inflation hedging properties of three asset classes, namely common stocks, bonds and real estates for 45 countries, both developed and ...
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