Series: IMF Working Papers
Author(s): Emanuel Kopp , Daniel Leigh , Susanna Mursula , and Suchanan Tambunlertchai
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 May 2019
Keywords: Capital formation, Economic growth, Corporate investment, National income accounts, Structural vector autoregression, Investment, fiscal policy, market power, uncertainty., business investment
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Ot...