Sticky Discount Rates
收藏NBER2024-03-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2024-03-01
