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

77 Pages Posted: 22 Aug 2012 Last revised: 15 Oct 2012

Roger N. Waud

University of North Carolina (UNC) at Chapel Hill - Department of Economics

Glenn Picou

affiliation not provided to SSRN

Date Written: 1973

Abstract

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.

Suggested Citation

Waud, Roger N. and Picou, Glenn, The Cost of Capital, the Desired Capital Stock, and a Variable Investment Tax Credit as a Stabilization Tool (1973). FRB Richmond Working Paper No. 73-3, November 16, 1973. Available at SSRN: https://ssrn.com/abstract=2115841 or http://dx.doi.org/10.2139/ssrn.2115841

Roger N. Waud (Contact Author)

University of North Carolina (UNC) at Chapel Hill - Department of Economics ( email )

Chapel Hill, NC 27599
United States

Glenn Picou

affiliation not provided to SSRN

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