This influential book explores the relationship between inflation uncertainty and investment decisions, and offers a systematic framework for analyzing the effects of inflation uncertainty on corporate investment strategies. Using empirical evidence from a sample of large U.S. firms, the authors demonstrate that the level and variance of inflation expectations have a significant impact on investment behavior, and that the effects of inflation uncertainty vary with the type and duration of investments. The book provides a sophisticated and nuanced analysis of the complex interplay between inflation expectations and investment decisions, and offers valuable insights for policy makers and investors.

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