Abstract
The study aimed to analyze the impact of inflation on the returns of sectors comprising the Iraq Stock Exchange and employed the Autoregressive Distributed Lag Model methodology to analyze the impact of inflation on the sectors of the Iraq Stock Exchange using monthly data for the period 2007-2020 , Among the most important conclusions reached by the study: there is an inverse relationship between inflation and returns for sectors such as (banking sector, insurance sector, investment sector, tourism sector, and the general market index). There is also a long-term balance between inflation and sector returns for the period (2007-2020). Additionally, the results showed a short-term inverse relationship between inflation and returns for sectors such as banking, insurance, investment, and the general market index. These results confirm that stocks are not a hedge against inflation in the long term in the Iraq Stock Exchange.
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