Economics at your fingertips  

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

Scott Baier (), Charles Carlstrom, Ralph Chami (), Thomas Cosimano (), Timothy Fuerst and Connel Fullenkamp ()

No 321, Working Papers (Old Series) 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)
Date: 2003
New Economics Papers: this item is included in nep-fin and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) ... ding%20pdf.pdf?la=en Full text (application/pdf)

Related works:
Journal Article: Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers (Old Series) from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by ().

Page updated 2021-06-20
Handle: RePEc:fip:fedcwp:0321