Long-Term Investment with Stochastic Interest and Inflation Rates Incompleteness and Compensating Variation

Autor:	Farid Mkouar, Jean-Luc Prigent
Rok vydání:	2014
Předmět:	portfolio optimization stochastic interest rate stochastic inflation incom- pleteness compensating variation jel:C61 jel:G12 jel:G11
Popis:	We examine the long term investment problem, under stochastic interest and inflation rates and incompleteness. Four basic financial assets are available on the financial market: a money market account (the cash), a real consumption good, a financial st
Databáze:	OpenAIRE
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