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Budget Deficits, Tax Rules, and real Interest Rates
Feldstein, Martin - 1986
This paper examines three sources of the fluctuations in real interest rates during the past three decades: changes in budget deficits, changes in tax rules, and changes in monetary policy. The evidence indicates that budget deficits and monetary policy have had a strong influence on the level...
Persistent link: https://www.econbiz.de/10012477102
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The Effective Tax Rate and the Pretax Rate of Return
Feldstein, Martin - 1981
This paper presents new estimates of the taxes paid on nonfinancial corporate capital, on the pretax rate of return to … capital, and on the effective tax rate. The basic time series show that both the pretax rate of return and the effective tax …
Persistent link: https://www.econbiz.de/10012478375