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How should the distant future be discounted when discount rates are uncertain?

✍ Scribed by Christian Gollier; Martin L. Weitzman


Book ID
116422552
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
144 KB
Volume
107
Category
Article
ISSN
0165-1765

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✍ Ben Groom; Phoebe Koundouri; Ekaterini Panopoulou; Theologos Pantelidis πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 154 KB

## Abstract Recent work in evaluating investments with long‐term consequences has turned towards establishing a schedule of Declining Discount Rates (DDRs). Using US data we show that the employment of models that account for changes in the interest rate generating mechanism has important implicati