NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Ramsey Discounting Formula for a Hidden-State Stochastic Growth Process

Martin L. Weitzman

NBER Working Paper No. 18157
Issued in June 2012

---- Acknowledgements -----

I acknowledge research support from the National Science Foundation. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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