Granger causality as a popular concept in time series analysis is widely applied in empirical research. The interpretation of Granger causality tests in a cause-effect context is, however, often unclear or even controversial, so that the causality label has faded away. Textbooks carefully warn...

In the framework of the intertemporal asset allocation problem, this dissertation focuses on the modelling of inflation risk and its impact on intertemporal asset allocation strategies. The contributions of this dissertation to the current literature are as follows.First, in considering...