Inflation and Stock Returns at B3
We examine the impact of expected inflation on stock returns. We use inflation forecasts from the Focus survey and real returns of Ibovespa (the index of B3, the Brazilian stock exchange). In our main specification, an increase of 1 percentage point in expected inflation for the next 12 months is as...
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| Format: | article |
| Language: | eng |
| Published: |
2019
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| Online Access: | http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/77295 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/62691 |