Can Gold Hedge Stock Market and Inflation Simultaneously?
نویسندگان
چکیده
منابع مشابه
Gold as an Inflation Hedge?*
This paper attempts to reconcile an apparent contradiction between short-run and long-run movements in the price of gold. A theoretical model is developed that suggests a set of the conditions that would have to be satisfied for the price of gold to rise over time at the general rate of inflation and hence be an effective long-run hedge against inflation. The model also demonstrates that short-...
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Although gold is no longer a central cornerstone of the international monetary and financial system, it still attracts considerable attention from researchers and investors. Nowadays, many investors manage their risk with valuable assets such as gold. This paper examines the dynamic relationships between gold and stock markets in the Tehran Stock Exchange. We have applied the Markov switching m...
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2020
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v12n4p1