Baier, Scott L.; Carlstrom, Charles T.; Chami, Ralph; Cosimano, Thomas F.; Fuerst, Timothy S.; Fullenkamp, Connel
(SSRN eLibrary, 2003)
l Trading, Stock Trading, and the Inflation Tax on Equity," Chami, Cosimano, and Fullenkamp (2001) (hereafter, CCF) analyze a cash-in-advance model in which capital goods are explicitly traded. The authors show that there ...