Ben Groom, Phoebe Koundouri, Ekaterini Panopoulou, and Theologos
Pantelidis, "Discounting the Distant Future: How Much Does Model
Selection affect the Certainty Equivalent Rate?", Journal of Applied
Econometrics, Vol. 22, No. 3, 2007, pp. 641-656.

The data for the US interest rate over two centuries used in the
article were provided to us by R. G. Newell. These data were
analyzed in

  R. G. Newell and W. A. Pizer (2003), "Discounting the distant future:
  How much do uncertain rates increase valuations?", Journal of
  Environmental Economics and Management, Vol. 46, pp. 52-71,

The data set consists of annual observations of U.S. market interest
rates for long-term high-quality government bonds. The series span
1798-1999. Real interest rates were created by subtracting, after 1950,
a measure of expected inflation using the Livingston survey of
professional economists. A full description of the data sources and
methods is given in Newell and Pizer (2003, pp. 61-62). An even more
detailed description is also provided in

  R. G. Newell and W. A. Pizer (2000, "Discounting the distant future:
  How much do uncertain rates increase valuations?" RFF discussion paper
  00-45, Washington, DC, pp. 13-14 & pp. 39-43.

By the same route, we obtained the estimates of the marginal damages in
future years from an extra ton of emissions in the year 2000 which were
utilised in the Cost Benefit Analysis (CBA) (Section 4).

These are confidential data files. Requests for access to these files
should be directed to

  Richard G. Newell
  Resources for the Future
  1616 P St NW,
  Washington, DC 20036,
  USA

Please address any questions to

Ekaterini Panopoulou
e-mail: apano [AT] nuim.ie

Alternative e-mails :

Ben Groom: bg3 [AT] soas.ac.uk
Phoebe Koundouri: pkoundouri [AT] aueb.gr
Theologos Pantelidis: tpantelid [AT] yahoo.com