inflation expectations diminish, holding investment fixed. In the data stock prices and investment correlate poorly precisely …. Formal tests cannot reject the hypothesis that stock prices and a linear combination of investment and inflation move on the … when stock prices and inflation move in opposite directions. Therefore, this New Keynesian Q (NKQ) theory can rationalize …

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of … historically high inflation. Investors' beliefs about the stock return-inflation relation are very heterogeneous in the cross … section and on average too optimistic. Moreover, many investors appear unaware of inflation-hedging strategies despite being …

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of … historically high inflation. Investors' beliefs about the stock return-inflation relation are very heterogeneous in the cross … otherwise well-informed about inflation and asset returns. Consequently, whereas exogenous shifts in inflation expectations do …

This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks … increase in uncertainty leads to deleveraging, as entrepreneurs reduce their demand for external financing to be able to hedge …

liquidity and investment. Investment is inefficiently low because banks must sell high-quality assets below their "fair" value … investment to fall. Asset purchase programs often improve liquidity, investment and welfare. …

How does the dispersion of firm-level shocks affect the investment channel of monetary policy? Using firm-level panel … policy has dampened real effects via the investment channel when firm-level TFP shock volatility is high. Our estimates for …

investment. Empirical results suggest that the impact of the interest rates on investment depends on the level of the inflation … rate. The size of the effect of interest rates on investment gets weaker as the inflation rate increases suggesting that … in the inflation rate affect the ability of monetary policy tools to stabilize the Nigerian economy and stimulate …

the macroeconomics of saving-investment imbalances …

actifs, l'opinion prevaut qu'elle ne doit pas en tenir compte au-dela de leurs repercussions sur l'inflation. …