Is Disinflation Good for the Stock Market?
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When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation outweighs the present value of the short-run costs. In
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美国国家经济研究局创建时间：
2001-05-01
