1 option
Inflation, Tax Rules, and the Stock Market / Martin Feldstein.
- Format:
- Book
- Author/Creator:
- Feldstein, Martin.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0403.
- NBER working paper series no. w0403
- Language:
- English
- Subjects (All):
- Inflation (Finance).
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1979.
- Cambridge, Mass. : National Bureau of Economic Research, 1979.
- Summary:
- This paper shows how the interaction of tax rules and expected inflation can decrease substantially the share price per dollar of pretax earnings. The current analysis extends my earlier study [Feldstein (1978)] by recognizing corporate debt, retained earnings, and the role of diverse shareholder investments. As before, the analysis separates household and institutional investors.
- Notes:
- Print version record
- November 1979.
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