3 ms·
re: (1) I don't know why people try to use these crazy discount factors on such long time horizons. I feel like it should be pretty easy. The currency of the t
by kolbe 8y ago
re: (1)
I don't know why people try to use these crazy discount factors on such long time horizons. I feel like it should be pretty easy. The currency of the time was in precious metals. So, we can just revalue the gold and silver in kilos from 1700 in dollars for 2018.
- gumby 8y agoYou're right there's quite good data on European interest rates and COG data (i.e. inflation proxies) for this period. Still, this enormous number is probably in the ballpark.