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The intertemporal CAPM predicts that an asset's price is equal to the expectation of the product of the asset's payoff … implications of the theory. It shows that government may be able to boost aggregate liquidity and enhance economic efficiency by …
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The intertemporal CAPM predicts that an asset's price is equal to the expectation of the product of the asset's payoff … implications of the theory. It shows that government may be able to boost aggregate liquidity and enhance economic efficiency by …
Persistent link: https://www.econbiz.de/10012472137
Climate change poses an existential threat. The authors argue that carbon pricing and green research and development (R&D) support are good economics, but their implementation can be improved. Even if carbon prices are generalized and given more substance, green R&D is still likely to be smaller...
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