Asset Pricing and Expected Inflation (Classic Reprint)

Ren¿. Stulz

ISBN 10: 1334279365 / ISBN 13: 9781334279362

Published by Forgotten Books, 2016

About this Item

Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar.

Seller Inventory # 28114524/2

Bibliographic Details

• Title: Asset Pricing and Expected Inflation (Classic Reprint)
• Publisher: Forgotten Books
• Publication Date: 2016
• Language: English
• ISBN 10: 1334279365
• ISBN 13: 9781334279362
• Binding: Soft cover
• Condition: Sehr gut
• Seller catalogs:
  • Bücher

About this title

Synopsis

Rising inflation and stock returns: a clear, rigorous model explains the link and what it means for investors. It shows how inflation affects asset prices through money growth, investment opportunities, and risk preferences, offering a framework you can actually follow.

This nonfic­tion explores an equilibrium approach to asset pricing that ties together inflation, the money stock, and the production investment opportunities households face. It presents how an expected rise in inflation can lower the real returns on stocks, and how changes in investment opportunities can magnify or dampen this effect. The discussion blends theory with implications for real-world pricing and risk.

• How expected inflation can influence the market portfolio’s real returns and the real interest rate
• The role of the production investment opportunity set in shaping risk premia and asset prices
• Extensions that consider risk aversion and hedging against inflation shocks
• Connections to empirical work on the relationship between inflation and stock returns

Ideal for readers of finance theory and asset pricing who want a deeper, model-based explanation of how inflation interacts with investment choices and market returns.