, price level and futures price and hence real wealth is stochastic. For a risk averse investor, optimal consumption and … intertemporal utility of consumption. …International and national investors are often exposed to real wealth risks, stemming from volatile asset prices and …

's welfare in terms of the expected inter-temporal utility of consumption. … and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors …. Optimal consumption and risk management strategies are derived. It is shown that dynamic hedging increases an investor …

, price level and futures price and hence real wealth is stochastic. For a risk averse investor, optimal consumption and … intertemporal utility of consumption. …International and national investors are often exposed to real wealth risks, stemming from volatile asset prices and …

We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We apply a …

We derive a class of utility functions that are equivalent with respect to a well-defined functional form. We study the … determine the, possibly infinite, number of equivalence classes when utility functions satisfy a specific form. Then we apply …

's welfare in terms of the expected inter-temporal utility of consumption. … and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors …. Optimal consumption and risk management strategies are derived. It is shown that dynamic hedging increases an investor …

, price level and futures price and hence real wealth is stochastic. For a risk averse investor, optimal consumption and … intertemporal utility of consumption. …International and national investors are often exposed to real wealth risks, stemming from volatile asset prices and …