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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Working Paper Series ; No. 2020/01
- Klassifikation
-
Wirtschaft
- Thema
-
liquid assets
illiquid assets
expectations
survey
inattention
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kumar, Saten
- Ereignis
-
Veröffentlichung
- (wer)
-
Auckland University of Technology (AUT), Faculty of Business, Economics and Law
- (wo)
-
Auckland
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kumar, Saten
- Auckland University of Technology (AUT), Faculty of Business, Economics and Law
Entstanden
- 2020
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