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Inflation Surprises in the Cross-section of Equity Returns

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Outgoing claims: the papers this work cites, builds on, or argues with.

inferredcites →https://doi.org/10.1002/9781118709207.ch6openalex-extracted
Bond Markets and Unconventional Monetary Policy
inferredcites →https://doi.org/10.1016/0167-2231(93)90009-lopenalex-extracted
Discretion versus policy rules in practice
inferredcites →https://doi.org/10.1016/0304-405x(77)90014-9openalex-extracted
Asset returns and inflation
inferredcites →https://doi.org/10.1016/0304-405x(86)90023-1openalex-extracted
Unanticipated inflation and the value of the firm
inferredcites →https://doi.org/10.1016/j.jfineco.2004.07.003openalex-extracted
Inflation risk premia and the expectations hypothesis
inferredcites →https://doi.org/10.1016/j.jfineco.2005.02.004openalex-extracted
A consumption-based model of the term structure of interest rates☆
inferredcites →https://doi.org/10.1016/j.jfineco.2015.05.004openalex-extracted
Good and bad uncertainty: Macroeconomic and financial market implications
inferredcites →https://doi.org/10.1016/j.jfineco.2019.03.011openalex-extracted
A tug of war: Overnight versus intraday expected returns
inferredcites →https://doi.org/10.1016/j.jfineco.2019.09.012openalex-extracted
Time-varying inflation risk and stock returns
inferredcites →https://doi.org/10.1016/j.jfineco.2024.103790openalex-extracted
Fearing the Fed: How wall street reads main street
inferredcites →https://doi.org/10.1016/j.jmoneco.2014.05.004openalex-extracted
Nominal rigidities, asset returns, and monetary policy
inferredcites →https://doi.org/10.1016/j.jmoneco.2019.10.001openalex-extracted
The propagation of monetary policy shocks in a heterogeneous production economy
inferredcites →https://doi.org/10.1080/09603100903282622openalex-extracted
Does the stock market react to unexpected inflation differently across the business cycle?
inferredcites →https://doi.org/10.1086/261129openalex-extracted
Effects of Nominal Contracting on Stock Returns
inferredcites →https://doi.org/10.1086/261570openalex-extracted
The Relation between Price and Marginal Cost in U.S. Industry
inferredcites →https://doi.org/10.1086/261755openalex-extracted
The Variation of Economic Risk Premiums
inferredcites →https://doi.org/10.1086/296344openalex-extracted
Economic Forces and the Stock Market
inferredcites →https://doi.org/10.1086/386530openalex-extracted
The Effects of Inflation News on High Frequency Stock Returns
inferredcites →https://doi.org/10.1086/671799openalex-extracted
What Ties Return Volatilities to Price Valuations and Fundamentals?
inferredcites →https://doi.org/10.1086/ma.21.25554958openalex-extracted
Equilibrium Yield Curves [with Comments and Discussion]
inferredcites →https://doi.org/10.1093/qje/qjz041openalex-extracted
The Rise of Market Power and the Macroeconomic Implications*
inferredcites →https://doi.org/10.1093/rfs/hhj012openalex-extracted
Financial Constraints Risk
inferredcites →https://doi.org/10.1093/rfs/hhq009openalex-extracted
New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index
inferredcites →https://doi.org/10.1093/rfs/hhs108openalex-extracted
A Long-Run Risks Explanation of Predictability Puzzles in Bond and Currency Markets
inferredcites →https://doi.org/10.1093/rfs/hhz094openalex-extracted
Core and ‘Crust’: Consumer Prices and the Term Structure of Interest Rates
inferredcites →https://doi.org/10.1111/j.1468-0327.2010.00253.xopenalex-extracted
Inflation Risk and the Inflation Risk Premium
inferredcites →https://doi.org/10.1111/j.1475-6803.1983.tb00340.xopenalex-extracted
EVIDENCE ON THE EXISTENCE OF COMMON STOCK INFLATION HEDGES
inferredcites →https://doi.org/10.1111/j.1475-6803.2008.00235.xopenalex-extracted
STOCK MARKET REACTION TO GOOD AND BAD INFLATION NEWS
inferredcites →https://doi.org/10.1111/j.1540-6261.1968.tb00843.xopenalex-extracted
FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY
inferredcites →https://doi.org/10.1111/j.1540-6261.1976.tb01899.xopenalex-extracted
COMMON STOCKS AS A HEDGE AGAINST INFLATION
inferredcites →https://doi.org/10.1111/j.1540-6261.1981.tb03531.xopenalex-extracted
The Adjustment of Stock Prices to Information About Inflation
inferredcites →https://doi.org/10.1111/j.1540-6261.1988.tb02615.xopenalex-extracted
Firm Characteristics, Unanticipated Inflation, and Stock Returns
inferredcites →https://doi.org/10.1146/annurev-financial-110921-104726openalex-extracted
Inflation and Asset Returns
inferredcites →https://doi.org/10.1162/003355397555163openalex-extracted
Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?
inferredcites →https://doi.org/10.1287/mnsc.2017.2890openalex-extracted
Good and Bad Variance Premia and Expected Returns
inferredcites →https://doi.org/10.2139/ssrn.1569064openalex-extracted
What Ties Return Volatilities to Price Valuations and Fundamentals?
inferredcites →https://doi.org/10.2139/ssrn.176268openalex-extracted
inferredcites →https://doi.org/10.2139/ssrn.3338745openalex-extracted
Low Inflation: High Default Risk and High Equity Valuations
inferredcites →https://doi.org/10.2139/ssrn.3584732openalex-extracted
Risk Premia at the ZLB: A Macroeconomic Interpretation
inferredcites →https://doi.org/10.2139/ssrn.4140887openalex-extracted
Getting to the Core: Inflation Risks within and Across Asset Classes
inferredcites →https://doi.org/10.2139/ssrn.587952openalex-extracted
inferredcites →https://doi.org/10.2307/2328146openalex-extracted
Firm Characteristics, Unanticipated Inflation, and Stock Returns
inferredcites →https://doi.org/10.2307/2329112openalex-extracted
inferredcites →https://doi.org/10.2307/2490395openalex-extracted
Financial Ratios and the Probabilistic Prediction of Bankruptcy
inferredcites →https://doi.org/10.2307/2978713openalex-extracted
inferredcites →https://doi.org/10.2307/3664837openalex-extracted
Management of Accounts Receivable under Inflation
inferredcites →https://doi.org/10.2469/faj.v35.n2.24openalex-extracted
Inflation, Rational Valuation and the Market
inferredcites →https://doi.org/10.2469/faj.v68.n4.3openalex-extracted
Inflation and Individual Equities
inferredcites →https://doi.org/10.3386/w0824openalex-extracted
Inflation and the Valuation of Corporate Equities
inferredcites →https://doi.org/10.3386/w28186openalex-extracted
A Theory of the Nominal Character of Stock Securities
inferredcites →https://doi.org/10.1016/j.jfineco.2019.06.012openalex-snapshot
Show Me the Money: The Monetary Policy Risk Premium
inferredcites →https://doi.org/10.1086/707766openalex-snapshot
Macroeconomic Drivers of Bond and Equity Risks
inferredcites →https://doi.org/10.1111/j.1540-6261.1975.tb01809.xopenalex-snapshot
INFLATION AND SECURITY RETURNS*
inferredcites →https://doi.org/10.1111/j.1540-6261.1992.tb04398.xopenalex-snapshot
The Cross-Section of Expected Stock Returns
inferredcites →https://doi.org/10.3386/w1296openalex-snapshot
Stock Prices and Economic News

What points at this work

Incoming claims: where this work appears in other papers’ reference lists and arguments.

inferred← citeshttps://doi.org/10.2139/ssrn.4122378openalex-extracted
Product Price Change Timing and Stock Returns
inferred← citeshttps://doi.org/10.2139/ssrn.4154564openalex-extracted
Revisiting the Stock-Inflation Puzzle
inferred← citeshttps://doi.org/10.2139/ssrn.4225973openalex-extracted
Investor Learning about Monetary-Policy Transmission and the Stock Market
inferred← citeshttps://doi.org/10.2139/ssrn.4308164openalex-extracted
The Inflation-Hedging Value of Corporate Social Responsibility
inferred← citeshttps://doi.org/10.2139/ssrn.4412837openalex-extracted
The Price of Macroeconomic Uncertainty: Evidence from Daily Option Expirations
inferred← citeshttps://doi.org/10.2139/ssrn.4527424openalex-extracted
Inflation and Attention: Evidence from the Market Reaction to Macro Announcements
inferred← citeshttps://doi.org/10.2139/ssrn.4541860openalex-extracted
Stagflationary Stock Returns
inferred← citeshttps://doi.org/10.2139/ssrn.4798269openalex-extracted
Good Inflation, Bad Inflation, and the Dynamics of Credit Risk
inferred← citeshttps://doi.org/10.2139/ssrn.4822700openalex-extracted
Inflation and Trading
inferred← citeshttps://doi.org/10.2139/ssrn.4833950openalex-extracted
Inflation and Trading
inferred← citeshttps://doi.org/10.2139/ssrn.4838014openalex-extracted
Inflation and Trading
inferred← citeshttps://doi.org/10.1016/j.jfineco.2025.104166openalex-snapshot
Inflation and Trading
inferred← citeshttps://doi.org/10.17016/feds.2025.022openalex-snapshot
How Markets Process Macro News: The Importance of Investor Attention
inferred← citeshttps://doi.org/10.17016/feds.2025.056openalex-snapshot
Stagflationary Stock Returns
inferred← citeshttps://doi.org/10.2139/ssrn.4849543openalex-snapshot
Inflation, Capital Structure and Firm Value
inferred← citeshttps://doi.org/10.22495/cocv22i2art9openalex-snapshot
Board governance and firm value in emerging markets
inferred← citeshttps://doi.org/10.3386/w32470openalex-snapshot
Inflation and Trading
inferred← citeshttps://doi.org/10.53479/39905openalex-snapshot
Good inflation, bad inflation: implications for risky asset prices
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