Inflation and the Stock Market
收藏NBER1978-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0276
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This paper discusses a crucial cause of the failure of share prices to rise during a decade of substantial inflation. Indeed, the share value per dollar of pretax earnings actually fell from 10.82 in 1967 to 6.65 in 1976. The analysis here indicates that this inverse relation between higher
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美国国家经济研究局创建时间：
1978-08-01
