Sections

Research

BPEA | 1994 No. 2

A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments

Jason G. Cummins,
JGC
Jason G. Cummins New York University
Kevin A. Hassett, and
KAH
Kevin A. Hassett
R. Glenn Hubbard
R. Glenn Hubbard Dean Emeritus and Russell L. Carson Professor of Finance and Economics - Columbia Business School
Discussants: Ricardo J. Caballero and
RJC
Ricardo J. Caballero Massachusetts Institute of Technology
Robert E. Hall
Robert Hall Headshot
Robert E. Hall Robert and Carole McNeil Joint Hoover Senior Fellow and Professor of Economics - Stanford University

1994, No. 2


ECONOMISTS and policymakers have long been interested in measuring
the effects of changes in the returns to and costs of business fixed investment.
That interest reflects both theoretical and practical concerns,
which have stimulated a large body of empirical research using aggregate
and micro-level data. This literature has reached few unambiguous
conclusions.

The Brookings Institution is committed to quality, independence, and impact.
We are supported by a diverse array of funders. In line with our values and policies, each Brookings publication represents the sole views of its author(s).