Monetary Instability, the Predictability of Prices, and the Allocation of Investment: An Empirical Investigation Using U.K. Panel Data

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Short and Long Run Determinants of Private Investment in Argentina (2005, background): “In several papers, the inflation rate is used as a reasonable proxy for the uncertainty level in the economy (Beaudry et al. 2001), since stable prices improve the informative content of the price system, allowing a favorable allocation of resources (the best opportunities are easily identifiable).”
Investment Dispersion and the Business Cycle (2011, background): “Beaudry et al. (2001) show that cross-sectional investment dispersion between 1970 and 1990 in an unbalanced panel of roughly 1,000 U.K. manufacturing plants is negatively correlated with conditional inflation volatility.”
The impact of macroeconomic uncertainty on non-financial firms' demand for liquidity (2005, background): “…will in turn generate predictable variations in the cross-sectional distribution of corporate cash holdings.6 In other words, extending the Beaudry et al. (2001) approach to our setting, if managers’ perception of expected cash flows crucially depends on the degree of macroeconomic…”
Economic uncertainty and bank risk: Evidence from emerging economies (2020, unknown): “inflation) uncertainty on GDP growth rate and inflation rate, Beaudry et al. (2001) investigate the impact of nominal uncertainty, specifically the”