portfolios, but liquidity comes at a cost: inflation. The OTC market serves as a secondary asset market, in which agents can … value because they help agents avoid the inflation tax. -- monetary-search models ; liquidity ; asset prices ; over …

We study investors' perceptions of inflation through the lens of a high-frequency event study and document that they … have a stagflationary view of the world. In response to higher-than-expected inflation, investors expect firms' nominal … even decline, with increases in nominal yields offset by larger increases in inflation expectations. Consistent with a …

This study sheds new light on the cross-sectional effects of inflation, which have substantial implications for stock … individual companies, focusing on the implications for both researchers and investment practitioners. I develop inflation …-adjustment procedures that are straightforward for investors to implement in real time for extracting the inflation effect on individual …

We investigate the overconfidence theory and inflation-illusion hypothesis of asset mispricing. Both concepts address … markets. Further, we find that asset turnover subsumes expected inflation in certain specifications; suggesting that …

investment can help hedge against inflation in the United States (US) and Canada. This study employed an autoregressive … against inflation in the United States and Canada. …

and consumption price index as an indicator of inflation. The ARDL bounds testing is applied to the long-run relationship …