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Capital gains in economic theory and national accounting

Author

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  • J. STEINDL

Abstract

Capital gains are ironically one of the least studied concepts in economics despite their crucial role in national accounting. Although capital gains are technically not involved in the circular flow of production and incomes, they are a vital determinants of consumer credit and personal savings. Recent findings, in fact, correlate capital gains with the prevalence of inflationary pressures and gyrations on spending in assets.

Suggested Citation

  • J. Steindl, 1998. "Capital gains in economic theory and national accounting," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(207), pages 435-449.
  • Handle: RePEc:psl:bnlqrr:1998:44
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10605/10489
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    References listed on IDEAS

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    1. Leah M. Cook & Richard W. Kopcke & Alicia H. Munnell, 1991. "The influence of housing and durables on personal saving," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 3-16.
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    Cited by:

    1. Sergio Cesaratto, 2002. "The Economics of Pensions: A non-conventional approach," Review of Political Economy, Taylor & Francis Journals, vol. 14(2), pages 149-177.
    2. Sergio Cesaratto, 2017. "Beyond the traditional monetary circuit: endogenous money, finance and the theory of long-period effective demand," Department of Economics University of Siena 757, Department of Economics, University of Siena.
    3. Sergio Cesaratto & Stefano di Bucchianico, 2020. "Endogenous money and the theory of long-period effective demand," Bulletin of Political Economy, Bulletin of Political Economy, vol. 14(1), pages 1-38, June.

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    1. Leah M. Cook & Alicia H. Munnell, 1991. "Explaining the postwar pattern of personal saving," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 17-28.
    2. J. Steindl, 1998. "Capital gains in economic theory and national accounting," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 51(207), pages 435-449.

    More about this item

    Keywords

    Analysis; Economic aspects; Accounting; Capital gains tax;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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