's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …

, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between … exponential utility allows us to derive an explicit relationship between optimal money holdings, the household?s desire to tilt …

's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …

, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

. Consumption and money demand applications illustrate the method. …