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24 pages • missing pub info (view editions)
ISBN/UID: 9781288721719
Format: Paperback
Language: English
Publisher: Bibliogov
Edition Pub Date: 06 February 2013
Description
Auerbach (1979, 1981) has demonstrated that inflation can lead to large inter-asset distortions, with the negative effects of higher inflation unambiguously declining with asset life. We show that this is true only if depreciation is treated as ge...
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24 pages • missing pub info (view editions)
ISBN/UID: 9781288721719
Format: Paperback
Language: English
Publisher: Bibliogov
Edition Pub Date: 06 February 2013
Description
Auerbach (1979, 1981) has demonstrated that inflation can lead to large inter-asset distortions, with the negative effects of higher inflation unambiguously declining with asset life. We show that this is true only if depreciation is treated as ge...