Real vs. nominal stock return seasonalities: empirical evidence

B. Lauterbach, Meyer Ungar

Research output: Contribution to journalArticlepeer-review


In Israel, where the average inflation rate has been relatively high, calendar stock market anomalies appear different than in most of the other international markets. Adjustment for inflation, however, eliminates the dissimilarities. This suggests that calendar seasonalities are real, and should be measured in real terms.
Original languageAmerican English
Pages (from-to)133-147
JournalInternational Review of Economics & Finance
Issue number2
StatePublished - 1995


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