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Estimated inflation rate, consumption and portfolio decision

✍ Scribed by Nan-Wei Han; Mao-Wei Hung


Book ID
116421386
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
123 KB
Volume
92
Category
Article
ISSN
0165-1765

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Optimal portfolio-consumption choice und
✍ Ying-Yin Chou; Nan-Wei Han; Mao-Wei Hung πŸ“‚ Article πŸ“… 2011 πŸ› John Wiley and Sons 🌐 English βš– 286 KB

This research solves the intertemporal portfolio choice problems with and without interim consumption under stochastic inflation. We assume a one‐factor nominal interest rate and a one‐factor expected inflation rate, implying a two‐factor real interest rate in the economy. In contrast to other relat