经济
膨胀(宇宙学)
文件夹
库存(枪支)
农业
股票市场
金融经济学
货币经济学
计量经济学
宏观经济学
地理
物理
考古
理论物理学
背景(考古学)
作者
Libaud Rudy Aurelien Doho,Sobom M. Somé,Jean Michel Banto
标识
DOI:10.1016/j.ememar.2022.100987
摘要
Our work puts into perspective the relationship between inflation and West African sectoral indices between November 2001 and January 2020 using the asymmetric kernel method. The sectoral indices considered for the analysis include retail, finance, industry, utilities, agriculture, transportation, and other sectors. Our work reveals that while all sectors are sensitive to inflation, the utilities and agriculture sectors are more sensitive to changes in inflation. Moreover, we discover that the relationship between inflation and sectoral stock market indices is rather non-linear to support the hypothesis that the relationship between inflation and stock market indices varies across different inflationary economies. These results imply that investors modify the structure of their investment portfolio according to the variation in the levels of inflation to the extent that this variation ultimately affects future dividends.
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