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...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 1999/167 |
| Acesso em linha: | Full text available on IMF |