The Ramsey Discounting Formula for a Hidden-State Stochastic Growth Process
收藏NBER2012-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18157
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资源简介：
The long term discount rate is critically dependent upon projections of future growth rates that are fuzzier in proportion to the remoteness of the time horizon. This paper models such increasing fuzziness as an evolving hidden-state stochastic process. The underlying trend growth rate is an
提供机构：
美国国家经济研究局
创建时间：
2012-06-01
