RDP 2017-03: Financialisation and the Term Structure of Commodity Risk Premiums Equation (3)

Retur n c,m,t =ln( S c,t+m )ln( F c,m,t ) =( ln( E t [ S c,t+m ] )ln( F c,m,t ) )+( ln( S c,t+m )ln( E t [ S c,t+m ] ) ) =Riskpremiu m c,m,t + e c,m,t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@9CD6@