Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Showing posts with label
Historical Cost illusion
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Showing posts with label
Historical Cost illusion
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Tuesday 30 August 2011
Historical Cost illusion
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Historical Cost illusion The illusion that it is possible to measure financial capital maintenance in nominal monetary units per se durin...
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