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Inflation Illusion and Equity Return: a Fed Model Approach

Jakobson, Elias and Murashko, Mykhaylo (2011)
Department of Business Administration
Abstract
We identified that investors in Sweden are affected by inflation illusion. Investors also incorrectly accounting for debt capital gain error for the levered companies. We can also conclude that the Fed model proved to be a weak tool for forecasting future real returns and its modification only partially increase its quality. Finally we identified that earnings yield standalone is a much better measure for understanding the return dynamics
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author
Jakobson, Elias and Murashko, Mykhaylo
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
Fed model, inflation illusion, inflation, earnings yield, bond yield, Management of enterprises, Företagsledning, management
language
Swedish
id
1977466
date added to LUP
2011-06-01
date last changed
2012-04-02 19:03:31
@misc{1977466,
  abstract     = {We identified that investors in Sweden are affected by inflation illusion. Investors also incorrectly accounting for debt capital gain error for the levered companies. We can also conclude that the Fed model proved to be a weak tool for forecasting future real returns and its modification only partially increase its quality. Finally we identified that earnings yield standalone is a much better measure for understanding the return dynamics},
  author       = {Jakobson, Elias and Murashko, Mykhaylo},
  keyword      = {Fed model,inflation illusion,inflation,earnings yield,bond yield,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Inflation Illusion and Equity Return: a Fed Model Approach},
  year         = {2011},
}