Skip to main content
Log in

The valuation of common stocks during periods of inflation

  • Abhandlungen
  • Published:
Zeitschrift für Nationalökonomie Aims and scope Submit manuscript

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

References

  • R. E. Badger and H. G. Guthman: Investment Principles and Practices, New York 1951.

  • E. C. Budd and D. F. Seiders: The Impact of Inflation on the Distribution of Income and Wealth. The American Economic Review, Proc.61 (1971), pp. 128–138.

    Google Scholar 

  • L. DeAlessi: Do Business Firms Gain from Inflation? Journal of Business37 (1964), pp. 162–166.

    Google Scholar 

  • M. Feldstein and O. Eckstein: The Fundamental Determinants of the Interest Rate. The Review of Economics and Statistics52 (1970), pp. 363–375.

    Google Scholar 

  • W. E. Gibson: Price-Expectations Effects on Interest Rates, Journal of Finance25 (1970), pp. 19–34.

    Google Scholar 

  • J. Grodinsky: Investments, New York 1953.

  • S. B. Gupta: The Portfolio Balance Theory of the Expected Rate of Change of Prices. The Review of Economic Studies37 (1970), pp. 187–204.

    Google Scholar 

  • D. J. Harris: Inflation, Income Distribution and Capital Accumulation in a Two-Sector Model of Growth, The Economic Journal77 (1967), pp. 814–833.

    Google Scholar 

  • G. L. Johnson, F. K. Reilly, and R. E. Smith: Individual Common Stocks as Inflation Hedge. Journal of Financial and Quantitative Analysis6 (1971), pp. 1015–1024.

    Google Scholar 

  • M. W. Keran: Expectations, Money, and the Stock Market. Federal Reserve Bank St. Louis Review53 (1971), pp. 16–31.

    Google Scholar 

  • B. Motley: Inflation and Common Stock Values. Journal of Finance24 (1969), pp. 530–535.

    Google Scholar 

  • D. A. Nichols: A Note on Inflation and Common Stock Values, Journal of Finance23 (1968), pp. 655–657.

    Google Scholar 

  • B. A. Oudet: Returns on Financial Assets in Periods of Inflation. Doctoral dissertation, Department of Economics, Indiana University, 1972.

  • F. K. Reilly, G. L. Johnson, and R. E. Smith: Inflation, Inflation Hedges and Common Stocks, Financial Analysts Journal26 (1970), pp. 104–110.

    Google Scholar 

  • T. J. Sargent: Commodity Price Expectations and the Interest Rate. The Quarterly Journal of Economics83 (1969), pp. 127–140.

    Google Scholar 

  • S. J. Turnovsky: Some Empirical Evidence on the Formation of Price Expectations, Journal of the American Statistical Association65 (1970), pp. 441–454.

    Google Scholar 

  • S. J. Turnovsky and M. L. Wachter: A Test of the “Expectations Hypothesis” Using Directly Observed Wage and Price Expectations. The Review of Economics and Statistics54 (1972), pp. 47–54.

    Google Scholar 

  • G. M. von Furstenberg: The Economics of Mortgages with Variable Interest Rates. Study Prepared for the Federal Home Loan Mortgage Corporation, Washington D. C., 1972.

  • W. P. Yohe and D. S. Karnosky: Interest Rate and Price Level Changes, 1952–1969. Federal Reserve Bank St. Louis Review51 (1969), pp. 18–38.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

About this article

Cite this article

Oudet, B.A., von Furstenberg, G.M. The valuation of common stocks during periods of inflation. Zeitschr. f. Nationalökonomie 33, 67–78 (1973). https://doi.org/10.1007/BF01283310

Download citation

  • Received:

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF01283310

Keywords

Navigation