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BEGIN:VEVENT
UID:e292909180455fcc92d02c9ca2da2632
CATEGORIES:Seminars
CREATED:20170421T184708
SUMMARY:Lunch Seminar: Adriana Grasso - LUISS
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Business Investment Plans and Inflation Expectations\nAbstract:\n In this p
 aper we empirically investigate the relationship between firms’ inflation e
 xpectations and their willingness to invest. Using survey data on Italian f
 irms we find that a 100 basis points increase in expected inflation raises,
  all else equal, by nearly 2.5 percentage points the probability that a fir
 m reports higher expected investment expenditure. While we document a minor
  role of the firm-level nominal borrowing cost, other determinants of inves
 tment expectations are significant, such as the credit markets’ access cond
 itions and the expected liquidity position of firms. Our results bear impor
 tant implications for policymakers whereby measures aimed at engineering hi
 gher inflation expectations may be successful at stimulating the economy.\n
DTSTAMP:20260422T120902Z
DTSTART:20161207T130000Z
DTEND:20161207T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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