@techreport{NBERw1708, title = "Tax Reform, Interest Rates and Capital Allocation", author = "Patric H. Hendershott", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "1708", year = "1985", month = "September", URL = "http://www.nber.org/papers/w1708", abstract = {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.}, }