The information content of the gilt-equity yield ratio

Article Abstract:

Controlling for other variables allows the gilt-equity yield ratio (GEYR) to be used as a mispricing-sensitive decision-making tool for equity or bonds selection. If the threshold value of the GEYR that indicates a profitable switch is altered to incorporate equity risk premium, expected inflation and other variables, the GEYR becomes a valuable trading rule.

Securities, Bonds, Bonds (Securities)

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Gold as an inflation hedge?

Article Abstract:

An attempt to reconcile an apparent contradiction between short-run and long-run movements in the price of gold is made. A set of conditions, under which the price of gold rises over time at the general rate of inflation to be an effective hedge against inflation, are suggested by a theoretical model.

United States, Primary nonferrous metals, not elsewhere classified, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Commodity & service prices, Prices, Gold, Prices and rates, Influence, Inflation (Finance), Comparative analysis, Company pricing policy, Inflation (Economics)

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Downwards sloping demand curves for stock?

Article Abstract:

The elasticity of estimate prices for individual stocks in Frankfurt Stock Exchange from August 1994 to July 1995 is analyzed.

Germany, Analysis, Stocks, Stock prices, Stock markets, Stock market, 1994 AD, 1995 AD

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