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Toward a bias corrected currency equivalent index

The currency equivalent index measures the discounted economic capital stock of money producing the monetary service flow, but does so under assumptions that cause downward bias. We propose an extension that will correct for a significant amount of this bias.
Year of publication:
2008
Authors: Barnett, William A. ; Keating, John W. ; Kelly, Logan J.
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 100.2008, 3, p. 448-451
Publisher: Elsevier
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Type of publication: Article
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Persistent link: https://www.econbiz.de/10005355638
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