High Discounts and High Unemployment
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https://www.nber.org/papers/w19871
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资源简介:
In recessions, all types of investment fall, including employers' investment in job creation. The stock market falls more than in proportion to corporate profit. The discount rate implicit in the stock market rises, and discounts for other claims on business income also rise. According to the
提供机构:
美国国家经济研究局
创建时间:
2014-01-01



