Exchange rates depreciate by the difference between the domestic and foreign marginal utility growths. Exchange rates vary a lot , as much as 10% per year. However, equity premia imply that marginal ...
Mean-variance analysis, despite all of its shortcomings, does offer a few strong points – it is the workhorse of the industry, it offers a tractable outcome and is easy to implement. We sought to ...
Elon Musk‘s latest comments on money make the same errors as we saw with Milton Friedman and the Monetarists. If Musk really wants to understand money, he needs ...
A day after legislative leaders announced a package of bills to lower Marylanders' electricity costs, Senate President Bill Ferguson (D-Baltimore City) conceded Tuesday that the measures would provide ...