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
Authors:	Normandin, Michel ; St-Amour, Pascal
Institutions:	Centre Interuniversitaire sur le Risque, les Politiques Économiques et l'Emploi (CIRPÉE)
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
Language:	English
Classification:	C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005795980