Cooley, Thomas F; Salyer, Kevin D - In: Scandinavian Journal of Economics 89 (1987) 4, pp. 421-34
This paper explores the contention that the dramatic increase in the real price of housing experienced during the 1970s was a cons equence of the interaction of increasing inflation with a nonneutral tax system that discriminates against corporate-held assets. In the c ontext of a dynamic...