Blum, Matthias; McLaughlin, Eoin; Hanley, Nick - Environmental Economics Research Group, Department of … - 2014
limits of conventional measures of investment to understand why future German consumption did not collapse. …-run. These are the present value of future changes in consumption and changes in average height and infant mortality rates. We … two World Wars and also the Great Depression. However, we do not observe similar trends in the path of future consumption …