Interest rates, inflation, and stock prices: the case of the Athens Stock Exchange

被引：30

作者：

Apergis, N ^{[1
]}

Eleftheriou, S

机构：

[1] Univ Ioannina, Dept Econ, GR-45110 Ioannina, Greece

[2] Thessaloniki Stock Exchange Ctr, Thessaloniki, Greece

来源：

JOURNAL OF POLICY MODELING | 2002年 / 24卷 / 03期

关键词：

interest rates; inflation; stock prices; Greece;

D O I：

10.1016/S0161-8938(02)00105-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study undertakes an empirical effort to investigate the relationship between stock prices, inflation, and interest rates in Greece over the period 1988-1999. Considering that most of the period under examination has been characterised by declining inflation as well as interest rates, it is crucial for an investor to know whether stock prices follow inflation rather than interest rate movements. The results provide evidence in favour of the stock prices-inflation relationship. (C) 2002 Society for Policy Modeling. Published by Elsevier Science Inc. All rights reserved.

引用

页码：231 / 236

页数：6

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