Inflation and Portfolio Choice

To examine the impact of inflation on portfolio choice, this paper estimates a complete system of asset and liability demands for the U.K. nonbank private sector from 1976 through 1985. Among other results, it is found that higher inflation induces investors to take on more debt and to invest the proceeds in financial assets. In general, the pattern of substitution implied by the estimates seems intuitive and reasonable.

MoreLess

Year of publication:	1987
Authors:	Perraudin, W. R. M.
Published in:	IMF Staff Papers. - Palgrave Macmillan, ISSN 1020-7635. - Vol. 34.1987, 4, p. 739-759
Publisher:	Palgrave Macmillan

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008915335