Inflation and trading

التفاصيل البيبلوغرافية
العنوان:	Inflation and trading
المؤلفون:	Schnorpfeil, Philip, Weber, Michael, Hackethal, Andreas
سنة النشر:	2025
المجموعة:	Publication Server of Goethe University Frankfurt am Main
مصطلحات موضوعية:	ddc:330
الوصف:	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 otherwise well-informed about inflation and asset returns. Consequently, whereas exogenous shifts in inflation expectations do not impact return expectations, information on past returns during periods of high inflation leads to negative updating about the perceived stock return impact of inflation, which feeds into return expectations and subsequent actual trading behavior.
نوع الوثيقة:	article in journal/newspaper
وصف الملف:	application/pdf
اللغة:	English
الاتاحة:	http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/85076 https://nbn-resolving.org/urn:nbn:de:hebis:30:3-850768 http://publikationen.ub.uni-frankfurt.de/files/85076/eflinsights20251_6.pdf
Rights:	http://publikationen.ub.uni-frankfurt.de/home/index/help#policies ; info:eu-repo/semantics/openAccess
رقم الانضمام:	edsbas.165B6E88
قاعدة البيانات:	BASE

الوصف
الوصف غير متاح.