Statistical analysis and stochastic interest rate modeling for valuing the future with implications in climate change mitigation
High future discounting rates favor inaction on present expending while lower rates advise for a more immediate political action. A possible approach to this key issue in global economy is to take historical time series for nominal interest rates and inflation, and to construct then real interest ra...
| Main Authors: | , , , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
IOP Publishing
2020
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