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1 - 10 van 66 voor real discount rate
dp170-technische-bijlage.pdf
... term. 5) for imputing benefits from the capital stock we assume a real interest rate of 3%, which equals the real discount rate. this ensures that the present value of the benefits of the capital ... ga age pop i (5) here, i stands for the nominal discount rate which equals the sum of inflation rate and the real discount rate of 3% (see section h). total benefits and burdens are arrived ...
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Discussion paper
... , (2.2) where de stands for depreciation, r for the real discount rate and aph for the stock of public physical capital ... real discount rate is assumed constant between 1946 and 2007, as it is for the future.21 by imputing a uniform discount rate for future and past we follow the other lga studies in the world (see section best practice might be to impute a different real discount rate ...
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Microsoft Word - discussion62.doc
... the economy) increase the necessary value of the real discount rate. in the same way for (36) ),max()()( o+++ (41) in a recent cba of a real estate development project (besseling et al., 2003 ... add a risk premium to the discount rate of the benefits, leaving the discount rate for the costs unaltered. another familiar way is to lower the economic growth rate with a risk premium. with the ...
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presentation-bentolila.pdf
... france 6.9%, spain 13.3% why? higher fall in real interest rate, unskilled labor (hs dropouts, immigrants), initial size of dual ... rate france 2.1%, spain model setup i continuum of in...nitely-lived risk-neutral workers and ...rms, discount rate r 0 i measure of workers 1 i matching function a la pissarides (2000) i m(u, v) m0uv1 i matching rate for vacancies q(v u) q() i matching rate ...
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appendix derivations dsge model pdf
... discount future real profits by expected real return on actuarial notes 1+rt-1. the reason why we use this discount factor rather than the standard stochastic discount ... this qt,t+k since we can put in whatever discount rate we like at a later date. this gives us ... period is (using the definitions of the real wage, real rental rate for capital and real dividend as defined in the household problem and ...
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Two-Tier Labor Markets in the Great Recession: France vs. Spain
... euro area in the late 1990s with a higher inflation rate than france, real interest rates fell by 6 pp., against 1.5 pp. ... outward shift during the great recession of both the vacancy rate and the unemployment rate, indicating growing mismatch.18 for france, data are ... of infinitely- lived risk-neutral workers and firms, with a common discount rate r 0. the measure of workers is normalized to 1. job ...
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analyzing labour supply elderly people life cycle approach pdf
... depend on the ratio between the rate of time preference () and an appropriate defined 27 real net interest rate. notice that the deflator of the real interest rate differs between consumption and leisure.22 ... real wage rate leads to less consumption, less leisure and more labour supply. the presence of a time surcharge on labour, dt, results in a proportional discount of the effective net wage rate ...
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Microsoft Word - ageing_.doc
... discount rate real terms, which is 1%-point lower than in the previous study. this lower discount rate also contributes to the deterioration in sustainability. the discount rate for the government exceeds the real interest rate ... a lower discount rate for the government. this study uses a discount rate real terms, which is one percentage-point lower than previous study which used as discount rate a ...
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disc160.pdf
... the coefficients are orthogonal to a linear trend. due to this transformation, there are no real time effects. all transitory time effects are business cycle shocks instead of, for example, changes ... keep the problem simple we solve for r, under the assumption that the discount factor and the individual discount rate are equal, or that they drop out. this results into the following first ...
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discounting investments mitigation and adaptation pdf
... rate of return at each moment in time? that is, should we apply a uniform discount rate to value them?1 a persuasive argument in favour of a uniform discount rate ... discount rate (ddr) over time. still, all investments should be discounted at a uniform rate because in his model the discount rate ... conclusions.pdf. 18 with this pair of assumptions, the real return on capital around 5 percent per year ...
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