Recursive Measures of Total Wealth and Portfolio Return

This letter presents and assesses a procedure to generate recursive measures of aggregate total wealth and portfolio return. Conceptually, the procedure is more flexible than the classical replacement cost and present value methods. Empirically, the procedure yields recursive measures that appear more realistic than those obtained from the classical methods.

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Year of publication:	2003-10
Authors:	Normandin, Michel ; St-Amour, Pascal
Institutions:	Institut d'Économie Appliquée, HEC Montréal (École des Hautes Études Commerciales)
Subject:	financial \| human \| and tangible assets \| present Value and replacement cost methods

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	The price is Free Number 03-06 10 pages longages
Classification:	C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005784557