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Author:Hassett, K. A.
Metcalf, G. E.
Title:Investment with uncertain tax policy: Does random tax policy discourage investments?
Journal:Economic Journal
1999 : JUL, VOL. 109:457, p. 372-393
Index terms:INVESTMENTS
TAX POLICY
UNCERTAINTY
Language:eng
Abstract:This study considers the impact of tax policy uncertainty on the company level and aggregate investment, comparing investment behavior when uncertainty is due to a shck following Geometric Brownian motion versus when random discrete jumps in tax policy occur
SCIMA record nr: 197798
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