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Author : Meir G. Kohn
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (238 download)
Download or read book The Inflation Tax and the Value of Equity written by Meir G. Kohn and published by . This book was released on 1983 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Ralph Chami
Publisher : International Monetary Fund
ISBN 13 : 1451858167
Total Pages : 45 pages
Book Rating : 4.4/5 (518 download)
Download or read book Ownership of Capital in Monetary Economies and the Inflation Tax on Equity written by Mr.Ralph Chami and published by International Monetary Fund. This book was released on 1999-12-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they provide. This paper explicitly introduces financial instruments into the standard stochastic growth model with money and production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in other papers by the addition of a significant wealth tax.
Author : Ralph Chami
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)
Download or read book Ownership of Capital in Monetary Economies and the Inflation Tax on Equity written by Ralph Chami and published by . This book was released on 1999 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ralph Chami
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)
Download or read book Ownership of Capital in Monetary Economies and the Inflation Tax on Equity written by Ralph Chami and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they provide. This paper explicitly introduces financial instruments into the standard stochastic growth model with money and production and shows that the value of the firm in this case is equal to the firm's capital stock divided by inflation. The resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in other papers by the addition of a significant wealth tax.
Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241793
Total Pages : 312 pages
Book Rating : 4.2/5 (262 download)
Download or read book Inflation, Tax Rules, and Capital Formation written by Martin Feldstein and published by University of Chicago Press. This book was released on 2009-05-15 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Darrel Cohen
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.E/5 ( download)
Download or read book Inflation, Taxes, and the Durability of Capital written by Darrel Cohen and published by . This book was released on 1997 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ralph Chami
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (129 download)
Download or read book Capital Trading, Stock Trading, and the Inflation Tax on Equity written by Ralph Chami and published by . This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A market for used capital goods, or financial instruments that represent the ownership of the used capital goods, induces inflation taxes on wealth and on the nominal income flows they provide. This paper explicitly introduces trading in either used capital goods or financial instruments into the standard stochastic growth model with money and production. These two monetary economies are equivalent. The value of the firm is equal to the firm's capital stock divided by inflation. The resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in the literature by the addition of a significant wealth tax.
Author : Martin S. Feldstein
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (9 download)
Download or read book Inflation, Tax Rules and the Accumulation of Residential and Nonresidential Capital written by Martin S. Feldstein and published by . This book was released on 1981 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of the capital stock with particular emphasis on the role of owner-occupied housing. The analysis is developed in the framework of an economy that is in equilibrium and in which a constant fraction of disposable income is saved. In this model, I show that, with current U.S. tax laws, an increase in the rate of inflation reduces the equilibrium amount of business capital employed in the economy and raises the amount of housing capital. The analysis also shows that a higher rate of inflation lowers the real net-of-tax rate of return to the provider of business capital. In a richer model than the current one, i.e., in a model in which the rate of personal saving was an increasing function of the net rate of return, a higher inflation rate would therefore lower the rate of saving. The present analysis also shows that permitting firms to depreciate investments more rapidly for tax purposes increases the accumulations of business capital but that, unless firms are permitted to expense all in- vestment immediately, an increase in in£ lat ion continues to depress the accumulation of business capital.
Author : Charles R. Hulten
Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.F/5 ( download)
Download or read book Depreciation, Inflation, and the Taxation of Income from Capital written by Charles R. Hulten and published by . This book was released on 1981 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yaaqov Goldschmidt
Publisher : Rowman & Littlefield
ISBN 13 : 9780847674275
Total Pages : 230 pages
Book Rating : 4.6/5 (742 download)
Download or read book The Impact of Inflation on Financial Activity in Business, with Applications to the U.S. Farming Sector written by Yaaqov Goldschmidt and published by Rowman & Littlefield. This book was released on 1986 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book contributes significantly to our understanding of financial analysis in an inflationary environment. Major topics covered include the interest charges on working capital, the effect of debt finance on liquidity, the impact of inflation on tax liability resulting from interest on loans, and income measurement with a special emphasis on performance evaluation.
Author : Thomas W. Downs
Publisher :
ISBN 13 :
Total Pages : 181 pages
Book Rating : 4.:/5 (67 download)
Download or read book The Effects of Inflation and Taxation on the Value of Capital written by Thomas W. Downs and published by . This book was released on 1982 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. F. Chant
Publisher : Anti-Inflation Board
ISBN 13 :
Total Pages : 178 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Allocative Effects of Inflation, Interaction Between the Tax System and Anticipated Inflation Rates written by J. F. Chant and published by Anti-Inflation Board. This book was released on 1979 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew M. Smith
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)
Download or read book Relative Prices and Inflation written by Andrew M. Smith and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241769
Total Pages : 374 pages
Book Rating : 4.2/5 (262 download)
Download or read book The Costs and Benefits of Price Stability written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.
Author : Arthur Andersen & Co
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 (9 download)
Download or read book Statement on Inflation, Taxation, and Capital Formation written by Arthur Andersen & Co and published by . This book was released on 1976 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Scott Leonard Baier
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (543 download)
Download or read book Capital Trading, Stock Trading, and the Inflation Tax on Equity written by Scott Leonard Baier and published by . This book was released on 2003 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
