Journal of Finance Vol. 38 No. 3 1983
Stock Market Returns and Inflation Forecasts
Abstract
This study uses data from the Livingston survey of expectations to examine the Fisher hypothesis as a model relating expected stock returns and expected inflation. We show that the Fisher hypothesis holds much better for ex ante expectations than ex post realizations.
- DOI
- 10.1111/j.1540-6261.1983.tb02495.x
- Volume
- 38
- Issue
- 3
- Pages
- 663-673
- Language
- en
- Sources
- crossref openalex