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Stochastic inflation and demand for nominal assets

✍ Scribed by Benjamin Russo; Ram C. Tiwari

Book ID
112728941
Publisher
Springer US
Year
1992
Tongue
English
Weight
656 KB
Volume
20
Category
Article
ISSN
0197-4254

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πŸ“œ SIMILAR VOLUMES

Optimal portfolio-consumption choice und
Optimal portfolio-consumption choice under stochastic inflation with nominal and indexed bonds
✍ 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