Rationality of negative stock-price responses to strong economic activity

Financial Analysts Journal

Volumn 53, Issue 5, 1997, Pages 52-56

  Park, Sangkyun ^a  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0003086282     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v53.n5.2117     Document Type: Article

References (11)

1. Fama, E.F. 1981. "Stock Returns, Real Activity, Inflation, and Money." American Economic Review, vol. 71, no. 4 (September):545-65.
2. _. 1990. "Stock Returns, Expected Returns, and Real Activity." Journal of Finance, vol. 45, no. 4 (September):1089-1108.
3. Fama, E.F., and M.R. Gibbons. 1984. "A Comparison of Inflation Forecasts." Journal of Monetary Economics, vol. 13, no. 3 (May):327-48.
4. Fama, E.F., and G.W. Schwert. 1977. "Asset Returns and Inflation." Journal of Financial Economics, vol. 5, no. 2 (October):115-46.
5. Geske, R., and R. Roll. 1983. "The Fiscal and Monetary Linkage between Stock Returns and Inflation." Journal of Finance, vol. 38, no. 1 (March):1-33.
6. Hardouvelis, G.A. 1987. "Macroeconomic Information and Stock Prices." Journal of Economics and Business, vol. 29, no. 2 (May):131-40.
7. Kaul, G. 1987. "Stock Returns nnd Inflation: The Role of the Monetary Sector." Journal of Financial Economics, vol. 18, no. 2 (June):253-76.
8. McQueen, G., and V.V. Roley. 1993. "Stock Prices, News, and Business Conditions." Review of Financial Studies, vol. 6, no. 3 (September):683-707.
9. Pearce, D.K., and V.V. Roley. 1985. "Stock Prices and Economic News." Journal of Business, vol. 58, no. 1 (January):49-67.
10. Schwert, G.W. 1981. "The Adjustment of Stock Prices to Information about Inflation." Journal of Finance, vol. 36, no. 1 (March):15-29.
11. _. 1990. "Stock Returns and Real Activity: A Century of Evidence." Journal of Finance, vol. 45, no. 4 (September):1237-57.