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Article: Stock prices, inflation and output: Evidence from India

TitleStock prices, inflation and output: Evidence from India
Authors
Chatrath, ARamchander, SSong, F
Issue Date1996
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/asieco
Citation
Journal Of Asian Economics, 1996, v. 7 n. 2, p. 237-245 How to Cite?
DOI: http://dx.doi.org/10.1016/S1049-0078(96)90005-6
AbstractA negative relationship between stock market returns and inflationary trends has been widely documented for developed economies in Europe and North America. This study provides similar evidence for India. The study investigates the relationship in light of Fama's (1981) explanation that centers around linkages between inflation and real activity, and between stock returns and real activity. The results provide only partial support for Fama's hypothesis. The relationship between real activity and inflation does not account for the negative relationship between real stock returns and the unexpected component of inflation. (JEL: F31, 053).
Persistent Identifierhttp://hdl.handle.net/10722/177707
ISSN
1049-0078
2023 Impact Factor: 2.9
2023 SCImago Journal Rankings: 0.825
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorChatrath, Aen_US
dc.contributor.authorRamchander, Sen_US
dc.contributor.authorSong, Fen_US
dc.date.accessioned2012-12-19T09:39:38Z-
dc.date.available2012-12-19T09:39:38Z-
dc.date.issued1996en_US
dc.identifier.citationJournal Of Asian Economics, 1996, v. 7 n. 2, p. 237-245en_US
dc.identifier.issn1049-0078en_US
dc.identifier.urihttp://hdl.handle.net/10722/177707-
dc.description.abstractA negative relationship between stock market returns and inflationary trends has been widely documented for developed economies in Europe and North America. This study provides similar evidence for India. The study investigates the relationship in light of Fama's (1981) explanation that centers around linkages between inflation and real activity, and between stock returns and real activity. The results provide only partial support for Fama's hypothesis. The relationship between real activity and inflation does not account for the negative relationship between real stock returns and the unexpected component of inflation. (JEL: F31, 053).en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/asiecoen_US
dc.relation.ispartofJournal of Asian Economicsen_US
dc.titleStock prices, inflation and output: Evidence from Indiaen_US
dc.typeArticleen_US
dc.identifier.emailSong, F: fmsong@hkucc.hku.hken_US
dc.identifier.authoritySong, F=rp01095en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S1049-0078(96)90005-6en_US
dc.identifier.scopuseid_2-s2.0-0041113411en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0041113411&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume7en_US
dc.identifier.issue2en_US
dc.identifier.spage237en_US
dc.identifier.epage245en_US
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridChatrath, A=6701310668en_US
dc.identifier.scopusauthoridRamchander, S=6603648934en_US
dc.identifier.scopusauthoridSong, F=7203075605en_US
dc.identifier.issnl1049-0078-

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