It takes the average reader and 44 minutes to read Ownership of Capital in Monetary Economies and the Inflation Tax on Equity by Mr.Ralph Chami
Assuming a reading speed of 250 words per minute. Learn more
Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they provide. This paper explicitly introduces financial instruments into the standard stochastic growth model with money and production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in other papers by the addition of a significant wealth tax.
Ownership of Capital in Monetary Economies and the Inflation Tax on Equity by Mr.Ralph Chami is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Ownership of Capital in Monetary Economies and the Inflation Tax on Equity aloud.
Ownership of Capital in Monetary Economies and the Inflation Tax on Equity is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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