Capital trading, stock trading, and the inflation tax on equity: a note

Scott L. Baier (), Charles T. Carlstrom, Ralph Chami (), Thomas F. Cosimano (), Timothy S. Fuerst () and Connel Fullenkamp ()

No 321, Working Paper from Federal Reserve Bank of Cleveland

Abstract: The authors show that there is more responsiveness of consumption and output to changes in the money supply than exists in the standard neoclassical growth models.

Keywords: Capital; investments (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin and nep-mac
Date: 2003
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Journal Article: Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note (2003)
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