Inflation and Portfolio Choice

William Perraudin

IMF Staff Papers, 1987, vol. 34, issue 4, 739-759

Abstract: 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.

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.jstor.org/stable/3867196?origin=pubexport main text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:34:y:1987:i:4:p:739-759

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().