Recursive measures of total wealth and portfolio return
This paper presents and assesses a procedure to generate recursive measures of aggregate total wealth and portfolio return. The procedure is more flexible and yields more realistic measures, compared to the classical replacement cost and present value methods.
Year of publication: |
2005
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Authors: | Normandin, Michel ; St-Amour, Pascal |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 15.2005, 4, p. 287-291
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Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
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