Journal Article

The Effect of the 2017 Tax Reform on Investment

Abstract: The 2017 tax reform affected investment through many channels. I use a macroeconomic model to estimate the overall effect. That estimate suggests that, because the different provisions worked in different directions, the initial impact of the tax reform on investment was small. The same model predicts that the tax reform will hold investment down in the medium term.

https://doi.org/10.26509/frbc-ec-202017

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2020-07-07

Volume: 2020

Issue: 17

Pages: 5