The most important decision an investor can make is what to use as the numeraire. But few investors even know what a numeraire is let alone have put deliberate thought into choosing their numeraire. With advances in technology using a reliable numeraire is easier than ever.
CAPITAL ACCUMULATION
Investing is the process of allocating capital. [...]
:: Friday, March 19, 2010
This one should really go on Beta.Sources, but I thought that it deserved attention over and above the fold too. It is a couple of years old, but still well worth a look; hat tip (an old BW blog post).
We investigate the consequences of demographic change for business cycle analysis. We find that changes in [...]
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