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- Title
Structural Instability in the Net Discount Rate Series Based on High Grade Municipal Bond Yields.
- Authors
Sen, Amit; Gelles, Gregory M.; Johnson, Walter D.
- Abstract
Discusses the structural ability in the net discount rate series based on high grade municipal bond yields. Use of net discount rate to calculate the present value of future earnings's losses; Average difference between the nominal interest rate and the nominal rate of wage growth; Calculation of net discount rate.
- Subjects
DISCOUNT prices; MUNICIPAL bonds; GOVERNMENT securities; INTEREST rates; WAGES; MUNICIPAL finance
- Publication
Journal of Legal Economics, 2002, Vol 12, Issue 2, p87
- ISSN
1054-3023
- Publication type
Article