. Second, firms with larger declines in their effective tax wedge increased investment relatively more. In aggregate, we … suggest a loose consensus from the literature that total tangible corporate investment increased by 11 percent. Third, the … higher by less than 1% and labor income by less than $1,000 per employee. Fourth, provisions that increase foreign investment …

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment … model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean ….S. multinationals rises substantially. These incentives also boost domestic investment, indicating complementarity between domestic and …

, potentially spurring productive investment. Low interest rates, however, also induce entrepreneurs to lever up so as to increase … their incentives thereby lowering productivity and discouraging investment. If leverage is unregulated (for example, due to … payouts by stimulating investment in response to adverse shocks only up to a level below the first-best. The optimal monetary …

and affects the overall effectiveness of forward guidance. We find that the central banks of the U.S., the U.K., Germany …

west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …