Research
BPEA | 1994 No. 2A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments
Jason G. Cummins,
Jason G. Cummins
New York University
Kevin A. Hassett, and
R. Glenn Hubbard
R. Glenn Hubbard
Dean and Russell L. Carson Professor of Finance and Economics
- Columbia Business School
Discussants:
Ricardo J. Caballero and
Ricardo J. Caballero
Massachusetts Institute of Technology
Robert E. Hall
Robert E. Hall
Robert and Carole McNeil Joint Hoover Senior Fellow and Professor of Economics
- Stanford University
Jason G. Cummins
New York University
R. Glenn Hubbard
Dean and Russell L. Carson Professor of Finance and Economics
- Columbia Business School
Ricardo J. Caballero
Massachusetts Institute of Technology
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.