Working Paper
The cost of capital, the desired capital stock, and a variable investment tax credit as a stabilization tool
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;
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Working Paper
Publication Date: 1973
Number: 73-03