Equity Valuation and Inflation: A Review

In theory, equity returns should be neutral to inflation. In practice, however, evidence of such behavior in the short run has been difficult to come by. This literature review provides a synopsis of much of the academic and practitioner research regarding the effects of inflation on equity prices.

Read the full article from Research Foundation Literature Reviews (CFA Institute)

http://www.cfapubs.org/doi/pdfplus/10.2470/rflr.v7.n1.1

Equity Valuation and inflation – Review.pdf

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