This paper studies how investment tax incentives stimulate output in an estimated medium-scale dynamic stochastic general equilibrium model. We find that the horizon following a positive shock to investment tax incentives is crucial. The shock is highly expansionary in the long run, with the...

We present a set of empirical regularities that characterize the activity of Greek exporters. We decompose firm-level exports by their margins (numbers of products and destinations, export values, quantities, prices) and relate them to skilled relative to unskilled employment and wages, and...