Working Paper
Capital trading, stock trading, and the inflation tax on equity: a note
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.
https://doi.org/10.26509/frbc-wp-200321
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https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/working-papers/2003/wp-0321-capital-trading-pdf.pdf
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 2003
Number: 0321