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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Units of constant purchasing power
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Showing posts with label
Units of constant purchasing power
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Thursday 15 July 2010
Units of constant purchasing power
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We use the change in the CPI as a measure to calculate the destruction of real value in monetary items (which cannot be indexed) and constan...
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