Firms' Asset Holdings and Inflation Expectations

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aut.filerelease.date2020-12-25
aut.researcherKumar, Saten
dc.contributor.authorKumar, Sen_NZ
dc.date.accessioned2020-07-13T22:51:15Z
dc.date.available2020-07-13T22:51:15Z
dc.date.copyright2018-04-10en_NZ
dc.date.issued2018-04-10en_NZ
dc.description.abstractThis 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.
dc.identifier.citationJournal of Economic Behavior & Organization, 170, 193-205.
dc.identifier.doi10.1016/j.jebo.2019.12.005
dc.identifier.urihttps://hdl.handle.net/10292/13523
dc.publisherElsevier
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S0167268119303889
dc.rightsCopyright © 2019 Elsevier Ltd. All rights reserved. This is the author’s version of a work that was accepted for publication in (see Citation). Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. The definitive version was published in (see Citation). The original publication is available at (see Publisher's Version).
dc.rights.accessrightsOpenAccessen_NZ
dc.subjectLiquid assets; Illiquid assets; Expectations; Survey; Inattention
dc.titleFirms' Asset Holdings and Inflation Expectationsen_NZ
dc.typeJournal Article
pubs.elements-id352028
pubs.organisational-data/AUT
pubs.organisational-data/AUT/Business, Economics & Law
pubs.organisational-data/AUT/Business, Economics & Law/Economics
pubs.organisational-data/AUT/Business, Economics & Law/Economics/Economics PBRF 2012
pubs.organisational-data/AUT/Faculty of Business, Economics and Law
pubs.organisational-data/AUT/Faculty of Business, Economics and Law/School of Economics
pubs.organisational-data/AUT/PBRF
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law/Faculty Review Team PBRF 2018
pubs.organisational-data/AUT/PBRF/PBRF Business Economics and Law/School of Economics PBRF 2018
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