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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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BEGIN:VEVENT
UID:event-11759@www.amse-aixmarseille.fr
DTSTAMP:20260414T111224Z
CREATED:20260414T111224Z
LAST-MODIFIED:20260414T111224Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:amse seminar - Christian Gollier
DTSTART:20250303T103000Z
DTEND:20250303T114500Z
DESCRIPTION:In December 2023\, the U.S. officially reduced their discount r
 ate from 7% to 2%. But on January 20\, 2025\, the Trump administration swit
 ched it back to 7% to estimate the carbon value. What are the implicit mora
 l values that support these discount rates? In a growing economy\, long-ter
 m investments impose sacrifices from the current generation for the benefit
  of future generations that will be wealthier. The efficient discount rate 
 can then be interpreted as the minimum rate of return that compensates for 
 the increased intergenerational inequality that these investments generate.
   Calibrating the associated Ramsey rule relies on our collective degree o
 f inequality aversion\, a parameter for which there is no consensus in our 
 profession. We develop a model with first-order inequality aversion to reco
 ncile the different views.\\n\\nContact: Nicolas Clootens: nicolas.clootens
 [at]univ-amu.frRomain Ferrali: romain.ferrali[at]univ-amu.fr\n\nPlus d'info
 rmations: https://www.amse-aixmarseille.fr/en/events/christian-gollier-0
LOCATION:Îlot Bernard du Bois - Amphithéâtre\, AMU - AMSE\, 5-9 boulevar
 d Maurice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/christian-gollier-0
CONTACT:Nicolas Clootens: nicolas.clootens[at]univ-amu.frRomain Ferrali: ro
 main.ferrali[at]univ-amu.fr
TRANSP:OPAQUE
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