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