Ownership of Capital in Monetary Economies and the Inflation Tax on Equity /
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...
| 第一著者: | |
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| その他の著者: | , |
| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
1999.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 1999/167 |
| オンライン･アクセス: | Full text available on IMF |