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Firms' asset holdings and inflation expectations

dc.contributor.authorKumar, S.
dc.date.accessioned2025-04-03T00:31:44Z
dc.date.available2025-04-03T00:31:44Z
dc.date.issued2020-03
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.issn2206-0332
dc.identifier.urihttps://hdl.handle.net/1885/733746359
dc.language.isoen_AU
dc.provenanceThe publisher permission to make it open access was granted in November 2024
dc.publisherCrawford School of Public Policy, The Australian National University
dc.relation.ispartofseriesCAMA Working Paper 61/2020
dc.rightsAuthor(s) retain copyright
dc.sourceCentre for Applied Macroeconomic Analysis Working Papers
dc.source.urihttps://crawford.anu.edu.au
dc.titleFirms' asset holdings and inflation expectations
dc.typeWorking/Technical Paper
dcterms.accessRightsOpen Access
dspace.entity.typePublication
local.bibliographicCitation.issue61/2020
local.type.statusPublished Version

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