Dynamic effects of permanent and temporary tax policies in a q model of investment Export

@article{citeulike:608056, abstract = {This paper incorporates the tax policy analysis of Hall and Jorgenson into a dynamic optimizing model with adjustment costs to develop a q model of investment. This framework is particularly useful for analyzing the dynamic effects on investment of permanent and temporary changes in tax policy. It is shown that, contrary to the conventional intertemporal substitution argument, a temporary investment tax credit need not be nore expansionary than a permanent investment tax credit. The role of depreciation allowances in determining the dynamic response of investment to temporary changes in the tax rate is also investigated.}, author = {Abel, Andrew B.}, citeulike-article-id = {608056}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/0304-3932(82)90023-X}, citeulike-linkout-1 = {http://www.sciencedirect.com/science/article/B6VBW-45F92P1-B8/2/f2144321da0c0c5e210ce47f5b81d702}, doi = {10.1016/0304-3932(82)90023-X}, journal = {Journal of Monetary Economics}, keywords = {411-2, investment, tartumacro, tobinq}, number = {3}, pages = {353--373}, posted-at = {2006-04-30 18:09:51}, priority = {2}, title = {Dynamic effects of permanent and temporary tax policies in a q model of investment}, url = {http://dx.doi.org/10.1016/0304-3932(82)90023-X}, volume = {9}, year = {1982} }

TY - JOUR ID - citeulike:608056 L3 - citeulike-article-id:608056 N2 - This paper incorporates the tax policy analysis of Hall and Jorgenson into a dynamic optimizing model with adjustment costs to develop a q model of investment. This framework is particularly useful for analyzing the dynamic effects on investment of permanent and temporary changes in tax policy. It is shown that, contrary to the conventional intertemporal substitution argument, a temporary investment tax credit need not be nore expansionary than a permanent investment tax credit. The role of depreciation allowances in determining the dynamic response of investment to temporary changes in the tax rate is also investigated. IS - 3 JF - Journal of Monetary Economics EP - 373 TI - Dynamic effects of permanent and temporary tax policies in a q model of investment VL - 9 SP - 353 KW - 411-2 KW - investment KW - tartumacro KW - tobinq AU - Abel, Andrew PY - 1982/// UR - http://dx.doi.org/10.1016/0304-3932(82)90023-X ER -