Inflation and the User Cost of Capital: Does Inflation Still Matter?
Published Date
Copyright 1999
ISBN 0226240991
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Copy CitationDarrel Cohen, Kevin Hassett, and R. Glenn Hubbard, The Costs and Benefits of Price Stability (University of Chicago Press, 1999), chap. 5, https://www.nber.org/books-and-chapters/costs-and-benefits-price-stability/inflation-and-user-cost-capital-does-inflation-still-matter.
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Published From Paper
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Working Paper
In the late 1970s, many economists argued that the deleterious effects of inflation on the user cost of capital for U....