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Reports on Economic Research Findings from Duke University Provide New Insights (Declining Discount Rates)

August 22, 2014

By a News Reporter-Staff News Editor at Economics Week -- Investigators publish new report on Economic Research. According to news originating from Durham, North Carolina, by VerticalNews correspondents, research stated, "In this paper we ask whether the US government should replace its current discounting practices with a declining discount rate schedule, as the United Kingdom and France have done, or continue to discount the future at a constant exponential rate."

Our news journalists obtained a quote from the research from Duke University, "To address the question, we briefly present the theoretical basis for a declining discount rate (DDR) schedule, and focus on how, in practice, a DDR could be estimated for use by policy analysts. We discuss the empirical approaches in the literature and review how the United Kingdom and France estimated their DDR schedules."

According to the news editors, the research concluded: "We conclude with advice on how the United States might proceed to consider modifying its current discounting practices."

For more information on this research see: Declining Discount Rates. American Economic Review, 2014;104(5):538-543. American Economic Review can be contacted at: Amer Economic Assoc, 2014 Broadway, Ste 305, Nashville, TN 37203, USA.

The news correspondents report that additional information may be obtained from M.L. Cropper, Duke University, Durham, NC 27708, United States. Additional authors for this research include M.C. Freeman, B. Groom and W.A. Pizer.

Keywords for this news article include: Durham, United States, North Carolina, Economic Research, North and Central America

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Source: Economics Week

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