Declining discount rates and the Fisher Effect: inflated past, discounted future?

Uncertain and persistent real interest rates underpin one argument for using a declining term structure of social discount rates in the Expected Net Present Value (ENPV) framework. Despite being controversial, this approach has influenced both the Inter-Agency Working Group on Cost-Benefit Analysis...

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Bibliographic Details
Main Authors: Mark Freeman, Ben Groom, Ekaterina Panopoulou, Theologos Pantelidis
Format: Default Article
Published: 2015
Subjects:
Other commerce, management, tourism and services not elsewhere classified
Social discounting
Declining discount rates
Fisher effect
Real and niminal interest rates
Social cost of carbon
Business and Management not elsewhere classified
Online Access:https://hdl.handle.net/2134/18348
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https://hdl.handle.net/2134/18348

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