Inflation, Corporate Income Taxation, and the Demand for Capital Assets
发现资本需求与公司有效税率水平或变化无系统关联，近十年通胀提高了耐用品相对短寿命资产的用户成本，即使有重置成本折旧，投资激励仍随通胀率变化。
The demand for capital is not systematically related to either the level or the rate of change of "effective" income tax rates on corporate capital assets. Rising inflation during the last 10 years has raised the user cost of capital for durable assets relative to that for short-lived assets even though this inflation has raised effective tax rates for more durable capital less than for short-lived assets. Even with replacement-cost depreciation allowances, the level and pattern of investment incentives probably will continue to vary with the inflation rate.