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| | CRR Issues in Brief |
 | | While this approach may be more acceptable politically, it obscures the expected pattern of returns and may produce misleading assessments of alternative financing proposals, since the appropriate uniform rate to use for projection purposes depends on the investment policy being evaluated. |
 | | *Peter Diamond is an Institute Professor at the Massachusetts Institute of Technology. |
 | | The author is grateful to John Campbell, Alicia Munnell and Jim Poterba for extended discussions and to Andy Abel, Dean Baker, Olivier Blanchard, John Cochrane, Andy Eschtruth, Steve Goss, Joyce Manchester, Peter Orszag, Bernie Saffran, Jeremy Siegel, Tim Smeeding, Peter Temin and Joe White for helpful comments. |
| www.bc.edu /centers/crr/ib_2.shtml (1914 words) |
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