The cost of capital, the desired capital stock, and a variable investment tax credit as a stabilization tool

Glenn C. Picou and Roger Waud

No 73-03, Working Paper from Federal Reserve Bank of Richmond

Abstract: This study considers the potential of a variable investment tax credit to relieve the pressure of a contracyclical monetary policy on the housing and State and local government sectors.

Keywords: Capital; Tax credits (search for similar items in EconPapers)
Date: 1973
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Working Paper: The cost of capital, the desired capital stock, and a variable investment tax credit as a stabilization tool (1973)
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