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The Fed's basic model suggests that about 14% of the impact of any interest-rate change on the economy is transmitted via housing markets.
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As a result of the power of compound interest, the choice of discount rate used to estimate the potential economic costs of climate change is more important for purposes of understanding the trade-offs associated with competing climate-change policy options than perhaps any other single issue in climate change economics.
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The current interest rate charged by IRS is at an annual rate of 4%, but is subject to change quarterly.
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The fact that early bonds had no fixed maturity date ensured that any change in interest rate was fully reflected in the capital value of the bond.
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If shares change in value, that must reflect a change in investors' assessment of either the prospective dividend flow (for example, because of fears about the future level of profits) or the right discount rate (for example, because of a change in inflationary prospects or in long-term real interest rates), or both.
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You wanna change medicare into a voucher, cool, give us every dime we paid into with interest, not the rate of today, but the rate it was in every year we paid into it.
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