Declining discount rates: Economic justifications and implications for long-run policy
By Christian Gollier, Phoebe Koundouri, Theologos Pantelidis. 2008
121 citations recorded by the source corpus.
Subfields: Demography, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/523d9b63d730ac406d7232713adfd2726d3d7faf
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Demography
- Y. Kountouris
- E. Birol
- Christian Gollier
- Richard S. J. Tol
- Martin Weitzman
- Robert S. Pindyck
- Phoebe Koundouri
- P. Portney
In Economics and Econometrics
- Richard S. J. Tol
- Robert S. Pindyck
- Christian Gollier
- William Nordhaus
- Geoffrey M. Heal
- Martin Weitzman
- Richard G. Newell
- T. Sterner
Citations in the corpus
- Cost of Equity of Coal-Fired Power Generation Projects in Poland: Its Importance for the Management of Decision-Making Process (2020, methodology): “The second approach uses the so-called social discount rate, considering the long-term social interest [20,21].”
- Discounting with fat-tailed economic growth (2008, background): “As for the other models presented above, this persistence explains the decreasing nature of the term structure, which is estimated by Newell and Pizer (2003), Groom et al. (2007), and Gollier et al. (2008) .”
- Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting (2010, methodology): “Recently Groom et al. (2007), Hepburn et al. (2008), and Gollier et al (2008) , have argued that such a simple autoregressive model is unlikely to be sufficiently versatile to reproduce the empirical regularities typically found long-run in interest rate series.”
- Expected Net Present Value, Expected Net Future Value, and the Ramsey Rule (2010, background): “More recently, Gollier, Koundouri and Pantelidis (2008) estimated the term structure based on the uncertainty of the GDPweighted world interest rates.”
- Should Governments Use a Declining Discount Rate in Project Analysis? (2014, background): “For example, in the United Kingdom, such socially revealed inequality aversion (based on income tax schedules) has fluctuated considerably since World War II, with a mean of 1.6 (Groom and Maddison 2013).”