This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective …. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and … USA and the UK compared to Japan and the Euro Area. In addition, the adjustment of the general price level is …

"If there is no priced risk--including volatility risk--associated with hedging an option, then expected delta hedging … errors should be zero. This paper finds that delta hedging errors of a synthetic at-the-money call option on foreign exchange … hypothesis that delta hedging errors reflect rational pricing; foreign exchange volatility and stock market volatility predict …