Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7388302 | Review of Economic Dynamics | 2016 | 20 Pages |
Abstract
This paper develops a model of investment decisions in which uncertainty about a one-time change in tax policy induces the firm to temporarily stop investing-to adopt a wait-and-see policy. After the uncertainty is resolved, the firm exploits the tabled projects, generating a temporary investment boom.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Nancy L. Stokey,