The present paper analyses the effect of the interaction between tax rules and inflation on the size and allocation of the capital stock with particular emphasi

Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. B

Research on capital formation has long been a major focus of studies sponsored by the National Bureau of Economic Research because of the crucial role of capita

Feldstein shows how systems of taxation influence the rate and nature of capital formation--key to the development of any economy. His identification of importa