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The Effect of a Consumption Tax on the Rate of Interest

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NBER1995-12-01 更新2025-01-04 收录
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This paper analyzes the ways in which substituting a consumption tax for the existing personal and corporate income taxes would affect equilibrium pretax interest rates. The analysis indicates that whether the pretax rate of interest rises or falls depends on the strength of the personal saving

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1995-12-01
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