Title of article
General-equilibriumeffectsofinvestmenttaxincentives
Author/Authors
Rochelle M. Edge، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
14
From page
564
To page
577
Abstract
A new-Keynesianmodelwithanominaltaxsystemisdevelopedandusedtostudythe
macroeconomiceffectsoftemporarytax-basedinvestmentincentives.Twoclaims
regardingtheeffectsoftheseincentivesareexamined:firstthattheyareoverstated
in partial-equilibriumframeworks;andsecondthatrepeateduseofsuchincentivesby
policymakerscanultimatelybedestabilizing.Theresultscontradictthefirstclaimand
implythatthesecondclaimisnotgeneral.Themodelisalsousedtocomputethe
predictedeffectsofaninvestmenttaxincentivethathasfiguredprominentlyinrecent
fiscalstimuluspackages
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846494
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