Este artículo de reflexión revisa conceptual y empíricamente las técnicas tradicionales de valoración, VAN (ValorActual Neto) y TIR (Tasa Interna de Rentabilidad). Se presenta un caso práctico con aplicaciones de estas técnicas dirigidas a un portafolio de proyectos de inversión que...

This paper shows that the Internal-Rate-of-Return (IRR) approach is unreliable, and that the recently introduced Average-Internal-Rate-of-Return (AIRR) model constitutes the basis for an alternative theoretical paradigm of rate of return. To this end, we divide the paper into two parts: a pars...

The paper examines the relationship between the cash rent and the shadow value of farmland to understand the French farmland market. The empirical analysis is restricted to French main grain crops, namely wheat, oil crops and other grain crops. The sample is an unbalanced panel of 35,089...

Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess...

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal...

Im Zuge des Klimawandels gewinnen standortangepasste Landnutzungsverfahren an Bedeutung, die zumindest die regional zunehmenden Wind- und Wassererosionen reduzieren und gleichzeitig die Biodiversität auf der Fläche erhöhen können. Ein solches Verfahren können Alley-Cropping-Systeme...