Sticky Discount Rates
收藏NBER2024-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32238
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资源简介：
We show that firms nominal required returns (i.e., discount rates) are sticky with respect to expected inflation. Sticky discount rates generate distinct theoretical predictions that are broadly consistent with stylized empirical patterns: increases in expected inflation directly raise real
提供机构：
美国国家经济研究局
创建时间：
2024-03-01
