This paper presents econometric evidence on the effect of tax incentives on business Investment in the United States in … the period from 1953 through1978. The analysis emphasizes that the Interaction of inflation and existing tax rules has … contributed substantially to the decline of business investment since the late 1960's.Because the investment process is far too …

The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of … show that, with current U.S. tax laws, an increase in the rate of inflation reduces the equilibrium amount of business … inflation lowers the real net-of-tax rate of return to the provider of business capital. In a richer model than the current one …

This paper presents econometric evidence on the effect of tax incentives on business Investment in the United States in … the period from 1953 through1978. The analysis emphasizes that the Interaction of inflation and existing tax rules has … contributed substantially to the decline of business investment since the late 1960's.Because the investment process is far too …

The welfare cost of anticipated inflation is quantified in a calibrated model of the U.S. economy that exhibits … tractable equilibrium dispersion in wealth and earnings. Inflation does not generate large losses in societal welfare, yet its … is the only asset, then inflation hurts mostly the wealthier and more productive agents, while those poorer and less …

The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience … of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two … the inflation tax may be viewed as an optimal solution to its wartime problems. By contrast, with the exception of the …

This paper extends and evaluates previous work on the positive theory of inflation. We examine the behavior of … governments concerned solely with minimizing the deadweight loss from raising revenue through inflation and tax finance. We show … positive contemporaneous association between inflation and the level of tax burdens. We examine the empirical validity of this …

This paper analyzes the combined effect of inflation and taxes on firm value, taking real growth of the firm …'s investment opportunities into account. Based on a simple model of the firm, our results highlight a hitherto neglected effect of … carry a negative tax effect upon firm value. For the case of inflation, our model derives conditions under which increasing …