Browsing by Author "Cosimano, Thomas F."

Sort by: Order: Results:

  • Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 1998)
    Asset pricing models have only partially captured the true inflation risk of equities. The contribution of this paper is to identify and quantify the extra inflation tax on equities that results when ownership of physical ...
  • Chami, Ralph; Cosimano, Thomas F.; Fullenkamp, Connel (SSRN eLibrary, 1999)
    argues that the stock market is an important channel of monetary policy. Monetary policy affects real economic activity because inflation levies a property tax on stocks in addition to an income tax on dividend payments. ...