Tax Reform, Interest Rates and Capital Allocation
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NBER Working Paper No. 1708
Issued in September 1985
NBER Program(s): PE
The impacts of four major tax reform proposals on the level of interest rates and the allocation of the American capital stock are derived. The four plans are Bradley-Gephardt, Kemp-Kasten, Treasury I and Treasury II. The allocation is among seven types of nonresidential capital, rental housing, and owner occupied housing held by households in five different income classes.The inflation-neutrality of the four plans as also deduced.
Published: Hendershott, Patric H. "Tax Reform, Interest Rates and Capital Allocation," Tax Reform and Real Estate, Follain (ed.) The Urban Institute, 1986, pp. 2 7-57.
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