Inflation Corporate Profits And The Rate Of Return To Capital
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Author | : Jeremy I. Bulow |
Publisher | : |
Total Pages | : 31 |
Release | : 1981 |
Genre | : Accounting |
ISBN | : |
Download Inflation, Corporate Profits, and the Rate of Return to Capital Book in PDF, Epub and Kindle
Author | : Michal Andrle |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 2019-01-16 |
Genre | : Business & Economics |
ISBN | : 1484390040 |
Download The Present Value of Corporate Profits: A Forecasters' Survey Perspective Book in PDF, Epub and Kindle
This paper presents and discusses the estimates of the present value of corporate profits in the United States from 1984 to 2018. To value the expected income stream, it uses the long-range forecasts of professional forecasters for pre-tax corporate earnings and long-term Treasury note yields, sourced from the Blue Chip Economic Indicators survey. The appraised value of corporate earnings can point in real time at periods where market prices are deviating from valuations implied by expected earnings and interest rates. Market participants' forecasts seem to interpret most of the earnings fluctuations as permanent, underestimating the cyclical fluctuations The over-reaction to transitory shocks and changes in long-term outlook leads to swings in the valuation, in line with swings in the observed market prices.
Author | : Harold W. Stevenson |
Publisher | : U of Minnesota Press |
Total Pages | : 214 |
Release | : 1967 |
Genre | : Economics |
ISBN | : 1452911304 |
Download Profits in the Modern Economy Book in PDF, Epub and Kindle
Author | : C. Eugene Steuerle |
Publisher | : Brookings Institution Press |
Total Pages | : 224 |
Release | : 2010-12-01 |
Genre | : Business & Economics |
ISBN | : 9780815721031 |
Download Taxes, Loans and Inflation Book in PDF, Epub and Kindle
Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.
Author | : Martin Feldstein |
Publisher | : University of Chicago Press |
Total Pages | : 312 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0226241793 |
Download Inflation, Tax Rules, and Capital Formation Book in PDF, Epub and Kindle
Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.
Author | : Stuart C. Gilson |
Publisher | : |
Total Pages | : 92 |
Release | : 1984 |
Genre | : Accounting |
ISBN | : |
Download The Inflation-adjusted Rate of Return on Corporate Debt and Equity, 1966-1980 Book in PDF, Epub and Kindle
"This report has two main objectives: First, to determine whether the real tax rate on investment income has proven sensitive to inflation; second, to determine the extent to which real returns to debt and equity, based on published data, differ from those based on inflation-adjusted data. The scope of the inflationary distortion in corporate income is assessed, and the resulting estimate is used to calculate the real after-tax rate of return on Canadian corporate debt and equity for the 1966-80 period. The author departs from previous studies of the Canadian corporate sector in his definition of returns to corporate activity. His definition reflects the view that the cost of corporate capital is governed by the after-tax returns accruing to individual investors from their debt and equity claims on the corporate sector. Two empirical regularities are found: 1) the real after-tax rate of return on debt and equity calculated with full inflation accounting is consistently below the rate based on unadjusted data; and, 2) the inflation-adjusted real tax rate on investment income appears to increase with inflation over the sample period." -- Abstract.
Author | : George Terborgh |
Publisher | : |
Total Pages | : 32 |
Release | : 1970 |
Genre | : Accounting |
ISBN | : |
Download Inflation and Corporate Profits Book in PDF, Epub and Kindle
Author | : Robert E. Hall |
Publisher | : University of Chicago Press |
Total Pages | : 302 |
Release | : 2009-05-15 |
Genre | : Business & Economics |
ISBN | : 0226313255 |
Download Inflation Book in PDF, Epub and Kindle
This volume presents the latest thoughts of a brilliant group of young economists on one of the most persistent economic problems facing the United States and the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views—many of which challenge established orthodoxy—they illuminate the economic and political processes involved in this important issue.
Author | : Herman I. Liebling |
Publisher | : Pergamon |
Total Pages | : 168 |
Release | : 1980 |
Genre | : Business & Economics |
ISBN | : |
Download U.S. Corporate Profitability and Capital Formation Book in PDF, Epub and Kindle
Author | : Board of Governors of the Federal Reserve System (U.S.) |
Publisher | : |
Total Pages | : 338 |
Release | : 1981 |
Genre | : Capital |
ISBN | : |
Download Public Policy and Capital Formation Book in PDF, Epub and Kindle