Inflation, Tax Rules, and Capital Formation
9780226241791
Inflation, Tax Rules, and Capital Formation
Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.
310 pages | © 1983
National Bureau of Economic Research Monograph
Economics and Business: Economics--Government Finance
Table of Contents
Preface
1. An Introductory Overview
Part I Inflation and Tax Rules in Macroeconomic Equilibrium
2. A Summary of the Theoretical Models
3. Inflation, Income Taxes, and the Rate of Interest: A Theoretical Analysis
4. Inflation and Taxes in a Growing Economy with Debt and Equity Finance (Jerry Green)
5. Fiscal Policies, Inflation, and Capital Formation
6. Inflation, Tax Rules, and the Accumulation of Residential and Nonresidential Capital
Part II Inflation and Effective Tax Rules
7. Inflation and the Excess Taxation of Capital Gains on Corporate Stock (Joel Slemrod)
8. Inflation and the Taxation of Capital Income in the Corporate Sector (Lawrence Summers)
Part III Interest Rates and Asset Yields
9. Inflation, Tax Rules, and the Long-term Interest Rate (Lawrence Summers)
10. Inflation and the Stock Market
11. Inflation, Tax Rules, and the Stock Market
12. Inflation, Tax Rules, and the Prices of Land and Gold
13. Inflation, Portfolio Choice, and Prices of Land and Corporate Stock
Part IV The Effect on Investment
14. Inflation, Tax Rules, and Investment
References
Index