Endogenous discounting via wealth, twin-peaks and the role of technology

Ingmar Schumacher

Economics Letters, 2009, vol. 103, issue 2, 78-80

Abstract: We endogenize the discount rate via wealth and provide evidence that wealth affects the discount rate negatively. We give a necessary and sufficient condition for endogenous discounting to lead to the Twin-peaks of economic growth and show that improvements in technology help avoid them.

Keywords: Endogenous; discounting; Twin-peaks; of; economic; growth; Multiple; equilibria (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (43)

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Related works:
Working Paper: Endogenous discounting via wealth, Twin-Peaks and the role of technology (2009)
Working Paper: Endogenous discounting via wealth, twin-peaks and the role of technology (2006)
Working Paper: Endogenous Discounting via Wealth, Twin-Peaks and the Role of Technology (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:103:y:2009:i:2:p:78-80

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