股价与通胀、货币政策之间关系的国外研究述评

Review on Oversea Study of the Relations among Stock Prices, Inflation and Monetary Policy

系统回顾了股价与通胀、货币政策之间关系的研究文献。发现研究者对股价与通胀之间的费雪效应是否存在以及股价与货币政策之间的关系均存在分歧,但研究视角、研究深度和实证检验方法趋于丰富。

This paper makes a systematic review of literatures on the relations among stock prices, inflation and monetary policy and finds that researchers have different opinions about whether there is Fisher Effect between stock prices and inflation, and the relation between stock prices and monetary policy. Nevertheless, the research on the topics is abundant in the views, the depth and the empirical methods.