TY  - JOUR
AU  - Hendershott,Patric H.
TI  - Tax Reform, Interest Rates and Capital Allocation
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1708
PY  - 1985
Y2  - September 1985
UR  - http://www.nber.org/papers/w1708
L1  - http://www.nber.org/papers/w1708.pdf
N1  - Author contact info:
Patric H. Hendershott
Fisher Hall
Ohio State University
2100 Neil Avenue
Columbus, OH 43210
Tel: 218/963-1393
Fax: 218/963-9484
E-Mail: hendershott.2@osu.edu
AB  - 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.
ER  -