We show that firms' nominal required returns to capital (i.e., their discount rates) are sticky with respect to expected inflation. Such nominally sticky discount rates imply that increases in ...

CBRE Global Real Estate Income Fund offers high income but faces elevated risks from global geopolitical instability and real rate regimes. IGR’s managed distribution policy relies heavily on return ...

The government has proposed aligning the discount rate review periods with the valuation cycles of public service pension schemes, and is taking forward reforms to the cost-cap mechanism first ...