Inflation, tax rules, and capital formation

The research presented in this volume combines the traditional subjects of macroeconomics and public finance. From macroeconomics comes a concern with the rate of interest, the capital intensity of production, and the impact of monetary policy. From public finance comes an emphasis on the significance of the distortionary tax rules that have generally been ignored in macroeconomic analysis and a concern with the effects of tax rules and monetary policy on the distribution of the income and on the value of assets.