Inflation and the User Cost of Capital: Does Inflation Still Matter?
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In the late 1970s, many economists argued that the deleterious effects of inflation on the user cost of capital for U.S. firms were large. Since that time, the tax code has changed, the level of inflation has dropped significantly, and the of investment has evolved considerably. In this paper, we
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美国国家经济研究局创建时间：
1997-05-01
