Faculty News

Professor Johannes Stroebel's joint research on discount rates in housing markets is included in a story on mitigating climate change

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Excerpt from Chicago Booth Review -- "Yale’s Stefano Giglio, Harvard’s Matteo Maggiori, and New York University’s Johannes Stroebel studied discount rates independently of climate change—by studying the housing markets in the United Kingdom and Singapore, where homes can be purchased outright or leased for contracts lasting 50 to 999 years—and conclude that over very long time periods (a century or more), the rates are extremely low, lower than implied by most economic theory."

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