Evaluation of long-dated assets : The role of parameter uncertainty
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- Gollier, Christian, 2016. "Evaluation of long-dated assets: The role of parameter uncertainty," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 66-83.
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More about this item
Keywords
asset prices; term structure; risk premium; decreasing discount rates; parametric uncertainty; CO2 beta; rare events; macroeconomic catastrophes;All these keywords.
JEL classification:
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2012-12-06 (Energy Economics)
- NEP-ENV-2012-12-06 (Environmental Economics)
- NEP-MAC-2012-12-06 (Macroeconomics)
Statistics
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