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Equity Values in Periods of Inflation

  • Henry C. Wallich
  • Norman E. Mains

Abstract

Despite dramatic increase in share prices during the first half of 1975, nominal stock prices have returned only to 1964 levels; real stock prices are substantially lower.

Keywords

Stock Prex Pension Fund Real Rate Equity Capital Common Stock 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Cagan, P. (1974). ‘Common Stock Values and Inflation. The Historical Record of Many Countries’, N.B.E.R. Supplement (Mar.).Google Scholar
  2. Fisher, L. and Lorie, J. H. (1968). Rates of Return on Investments in Common Stocks: The Year-By-Year Record, 1926–65’, Journal of Business, XLI (3) (1968) 291–316.CrossRefGoogle Scholar
  3. Lintner, J. (1973). ‘Inflation and Common Stock Prices in a Cyclical Context’, 53rd Annual Report, N.B.E.R. ( Sept. ) pp. 23–36.Google Scholar
  4. Mintz, I. (1974). ‘Dating United States Growth Cycles’, Explorations in Economic Research, N.B.E.R. (Summer) pp. 1–113.Google Scholar
  5. Moore, G. H. (1975). ‘Stock Prices and the Business Cycle’, Journal of Portfolio Management, I (3) 59–64.CrossRefGoogle Scholar
  6. Nordhaus, W. D. (1974). ‘The Falling Share of Profits’, Brookings Papers on Economic Activity, No. 1, pp. 169–218.CrossRefGoogle Scholar

Copyright information

© Michael Allingham and M. L. Burstein 1976

Authors and Affiliations

  • Henry C. Wallich
  • Norman E. Mains

There are no affiliations available

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