Capital trading, stock trading, and the inflation tax on equity: a note
Scott Baier (),
Ralph Chami (),
Thomas Cosimano (),
Timothy Fuerst and
Connel Fullenkamp ()
No 321, Working Papers (Old Series) from Federal Reserve Bank of Cleveland
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)
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Journal Article: Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note (2003)
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