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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)
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) Downloads
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