| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966558 | Journal of Monetary Economics | 2011 | 14 Pages |
Abstract
⺠Tax-based investment incentives are examined in a new-Keynesian model. ⺠Nominal rigidities can amplify the real effects of tax-based investment incentives. ⺠Partial-equilibrium analyses do not always overstate the real effect of incentives. ⺠Repeated countercyclical use of investment incentives can be destabilizing.
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Economics and Econometrics
Authors
Rochelle M. Edge, Jeremy B. Rudd,