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Inflation,taxation, and risk taking
Authors:David G. Hartman
Affiliation:National Bureau of Economic Research, and Harvard University, Cambridge, MA 02138, USA
Abstract:
The effects of taxation on the holding of ‘risky’ assets are explored when price level uncertainty means that the alternative asset, money, cannot be regarded as riskless and yieldless. Traditional conclusions are confirmed for the cases of a non-indexed and of a completely indexed tax.
Keywords:
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