High Discounts and High Unemployment
High Discounts and High Unemployment
About this item
Full title
Author / Creator
Publisher
Nashville: American Economic Association
Journal title
Language
English
Formats
Publication information
Publisher
Nashville: American Economic Association
Subjects
More information
Scope and Contents
Contents
Unemployment is high when financial discounts are high. In recessions, the stock market falls and all types of investment fall, including employers' investment in job creation. The discount rate implicit in the stock market rises, and discounts for other claims on business income also rise. A higher discount implies a lower present value of the ben...
Alternative Titles
Full title
High Discounts and High Unemployment
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_miscellaneous_1866657230
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1866657230
Other Identifiers
ISSN
0002-8282
E-ISSN
1944-7981
DOI
10.1257/aer.20141297
