Jacob A. /Stockfisch and the Social Discount Rate Revisited.

摘要

This paper attempts to update the work done by Jacob A. Stockfisch on the social discount rate and published in 1969. Because of the widespread use of a discount rate quite close to his and because of the economic turbulence occurring subsequent to his periods of measurement, it seeks to examine the validity of his results when using current computed rates of return and current inflation index deflators. (Author)