When Cash Flows Turn Negative: Liquidity-Driven Selling by Pension Funds
U.S. pension funds facing negative cash flows sell equities as primary liquidity source rather than rebalancing, absorbing $0.67 per dollar of shock through equity sales.
Featured in No. 138 on 6 Nov 2026 · 4 days after release
- Released
- 2 Nov 2026
- First featured
- No. 138 · 6 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:nbr:nberwo:35896
- Authors
- Aleksandar Andonov et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).