Working Papers

November 1973, No. 73-3

The Cost of Capital, the Desired Capital Stock, and a Variable Investment Tax Credit as a Stabilization Tool

Roger N. Waud and Glenn C. Picou

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.

Our Research Focus: Inflation and Monetary Policy

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