Website Search
Find information on spaces, staff, and services.
Find information on spaces, staff, and services.
| LEADER | 03764cam a2200493Mi 4500 | |
| 001 | 991023113467002122 | |
| 005 | 20220303213021.0 | |
| 006 | m o d | |
| 007 | cr unu|||||||| | |
| 008 | 821206s1981 mau ob 000 0 eng d | |
| 035 | $a(OCoLC)326910432 | |
| 035 | $a(OCoLC)ocn326910432 | |
| 035 | $a(EXLNZ-01UWI_NETWORK)9913452745202121 | |
| 040 | $aSCPER$beng$epn$cCUSER$dOCLCQ$dNTE$dOCLCQ$dOCLCO$dOCLCF$dOCLCQ$dOCL$dOCLCQ$dWYU$dNBERS$dOCLCQ | |
| 043 | $an-us--- | |
| 049 | $aGZMA | |
| 050 | _4 | $aHC106.3$b.E74 no. 745 |
| 100 | 1_ | $aFriedman, Benjamin M. |
| 245 | 10 | $aFinancing capital formation in the 1980s :$bissues for public policy /$cBenjamin M. Friedman. |
| 264 | _1 | $aCambridge, Mass. :$bNational Bureau of Economic Research,$c1981. |
| 300 | $a1 online resource (29, [4] pages) | |
| 336 | $atext$btxt$2rdacontent | |
| 337 | $acomputer$bc$2rdamedia | |
| 338 | $aonline resource$bcr$2rdacarrier | |
| 347 | $adata file$2rda | |
| 490 | 1_ | $aWorking paper / National Bureau of Economic Research ;$vno. 745 |
| 504 | $aIncludes bibliographical references (pages 3-4). | |
| 520 | 3_ | $a"Three specific aspects of the corporate financing decision - internal versus external funds, equity versus debt within the external component, and features of the debt including especially maturity - present opportunities (and pitfalls) for public policy for affecting U.S. capital formation. First, by reducing the government's dissaving and hence its claims on the economy's financial resources, policy can make credit market funds available for corporations to finance their investment externally, thereby both stimulating the overall amount of capital formation and also taking advantage of the allocative efficiency of the competitive market mechanism to achieve a productive composition of that capital formation. At the same time, by using the tax system to augment the rate of return on corporate-sector assets, policy can also enable corporations better to compete for such funds once they are available. Second, by eliminating or even reversing the current tax discrimination in favor of debt, policy can encourage corporations to rely at least in part on equities in their external financing, thereby reducing the economy 's aggregate-level financial risk. Third, by neutralizing or even reversing the current emphasis on long- term securities in managing the federal government's own debt, policy can encourage corporations to issue long- instead of short-term debt instruments, thereby further reducing aggregate-level financial risk. Along the same lines, policy can also play a role in pioneering markets for new financial instruments, like bonds providing protection of the investor's purchasing power, that private borrowers can then use to finance private capital formation"--NBER website |
| 588 | 0_ | $aPrint version record. |
| 650 | _0 | $aSaving and investment. |
| 650 | _0 | $aCapital investments. |
| 650 | _0 | $aCorporations$xTaxation. |
| 651 | _0 | $aUnited States$xEconomic policy$y1971-1981. |
| 650 | _7 | $aCapital investments.$2fast$0(OCoLC)fst00846320 |
| 650 | _7 | $aCorporations$xTaxation.$2fast$0(OCoLC)fst00879935 |
| 650 | _7 | $aEconomic policy.$2fast$0(OCoLC)fst00902025 |
| 650 | _7 | $aSaving and investment.$2fast$0(OCoLC)fst01105959 |
| 651 | _7 | $aUnited States.$2fast$0(OCoLC)fst01204155 |
| 648 | _7 | $a1971-1981$2fast |
| 710 | 2_ | $aNational Bureau of Economic Research. |
| 776 | 08 | $iPrint version:$aFriedman, Benjamin M.$tFinancing capital formation in the 1980s.$dCambridge, Mass. : National Bureau of Economic Research, 1981$w(OCoLC)9022885 |
| 830 | _0 | $aWorking paper series (National Bureau of Economic Research) ;$vworking paper no. 745. |
| 856 | 40 | $uhttps://www.nber.org/papers/w0745 |
| LEADER | 01384cam a2200361 i 4500 | |
| 001 | 9912659233602122 | |
| 005 | 20161103091324.0 | |
| 007 | cr ||||||||||| | |
| 008 | 821206s1981 mau 00010 eng d | |
| 035 | $a(OCoLC)09022885 | |
| 035 | $9AJX7582UW | |
| 035 | $a(WU)1265923-uwmadisondb | |
| 035 | $a(EXLNZ-01UWI_NETWORK)999590986102121 | |
| 040 | $aRF1$beng$cRF1$dm/c$dGZM | |
| 043 | $an-us--- | |
| 090 | $aHB1$b.W6 no.745 | |
| 100 | 1_ | $aFriedman, Benjamin M. |
| 245 | 10 | $aFinancing capital formation in the 1980s :$bissues for public policy /$cBenjamin M. Friedman. |
| 264 | _1 | $aCambridge, Mass. :$bNational Bureau of Economic Research,$c1981. |
| 300 | $a29 pages, 4 unnumbered pages ;$c28 cm. | |
| 336 | $atext$btxt$2rdacontent | |
| 337 | $aunmediated$bn$2rdamedia | |
| 338 | $avolume$bnc$2rdacarrier | |
| 490 | 1_ | $aWorking paper / National Bureau of Economic Research ;$vno. 745 |
| 504 | $aBibliography: page [3-4]. | |
| 530 | $aAlso available from the NBER website (www.nber.org). | |
| 650 | _0 | $aSaving and investment$zUnited States. |
| 650 | _0 | $aCapital investments$zUnited States. |
| 650 | _0 | $aCorporations$xTaxation$zUnited States. |
| 651 | _0 | $aUnited States$xEconomic policy$y1981-1993. |
| 710 | 2_ | $aNational Bureau of Economic Research. |
| 830 | _0 | $aWorking paper series (National Bureau of Economic Research) ;$vno. 745. |
| 856 | 41 | $uhttp://www.nber.org/papers/w0745 |
| 997 | $aMARCIVE | |