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The cost of capital, the desired capital stock, and a variable investment tax credit as a stabilization tool

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  • Glenn C. Picou
  • Roger N. Waud

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.
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Suggested Citation

  • Glenn C. Picou & Roger N. Waud, 1973. "The cost of capital, the desired capital stock, and a variable investment tax credit as a stabilization tool," Special Studies Papers 37, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgsp:37
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    1. Universities-National Bureau Committee for Economic Research, 1960. "The Quality and Economic Significance of Anticipations Data," NBER Books, National Bureau of Economic Research, Inc, number univ60-1.
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