Research Discussion Paper – RDP 8807 The Cost of Capital: Some Issues



This paper was originally prepared for the “Conference on Australian Monetary Policy Post-Campbell” in Melbourne 7–8 August 1987. I am extremely grateful to Warwick McKibbin and Eric Siegloff for invaluable assistance with this paper. Also, I wish to thank Adrian Blundell-Wignall for helpful comments, Michael Andersen for calculating Tobin's q and Marion Saddington for production assistance. The views expressed in this paper are those of the author and do not necessarily reflect the views of the Reserve Bank. [*]