dc.contributor.author | Oskarsson, Nicholas | |
dc.contributor.author | Skjeggestad, Jan Magnus | |
dc.date.accessioned | 2017-05-16T10:54:59Z | |
dc.date.available | 2017-05-16T10:54:59Z | |
dc.date.issued | 2016 | |
dc.identifier.uri | http://hdl.handle.net/11250/2442622 | |
dc.description | Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2016 | nb_NO |
dc.description.abstract | We study the nexus between equity returns and inflation on Norwegian data, and test the explanatory power of the two most prevailing theories; the inflation illusion and the FED model. In addition, we test if the inflation-target policy introduced in 2001 has had an impact on this relationship. We segregate the dividend yield into three components and these components are used as dependent variables in a regression analysis during three time-periods. We find that inflation has a significant, but unstable relationship with the different components and that a significant break in the model in 2001 exists. We conclude that it is premature to assume a causal link between both the equity return-inflation relationship and that the change in this relationship can be related to the inflation-target introduction. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | BI Norwegian Business School | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | finance | nb_NO |
dc.subject | financial economics | nb_NO |
dc.title | Stock Returns and Inflation in Norway | nb_NO |
dc.type | Master thesis | nb_NO |