SEOUL NATIONAL UNIVERSITY · CENTER FOR LAW & ECONOMICS
Center for Law & Economics, Seoul National UniversityCENTER FOR LAW & ECONOMICS
ECONOMICS · RESEARCH RECORD
GlobalMonetary & finance

DP22040 Improved optimal investment and consumption strategies under inflation risk with stochastic volatility

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This paper develops and calibrates a financial market model that incorporates stochastic volatility in inflation, interest rate and equity dynamics. Traditional models typically assume

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