Arbeitspapier
Firms' Asset Holdings and Inflation Expectations
This paper investigates the relationship between firms' inflation expectations and their holdings of liquid assets. We implement a new quantitative survey of firms' expectations about inflation in New Zealand. We find that firms that hold more shares of liquid assets systematically report lower inflation expectations. Moreover, we implement an experiment by providing firms new exogenous information about recent inflation dynamics. This experiment allows us to assess how firms respond to new information in terms of belief revisions and firm-level decisions.
- Language
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Englisch
- Bibliographic citation
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Series: Economics Working Paper Series ; No. 2020/01
- Classification
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Wirtschaft
- Subject
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liquid assets
illiquid assets
expectations
survey
inattention
- Event
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Geistige Schöpfung
- (who)
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Kumar, Saten
- Event
-
Veröffentlichung
- (who)
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Auckland University of Technology (AUT), Faculty of Business, Economics and Law
- (where)
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Auckland
- (when)
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2020
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kumar, Saten
- Auckland University of Technology (AUT), Faculty of Business, Economics and Law
Time of origin
- 2020
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