TY  - JOUR
AU  - Hassett,Kevin A.
AU  - Hubbard,R. Glenn
TI  - Tax Policy and Investment
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5683
PY  - 1998
Y2  - February 1998
UR  - http://www.nber.org/papers/w5683
L1  - http://www.nber.org/papers/w5683.pdf
N1  - Author contact info:
Kevin Hassett
American Enterprise Institute
1150 Seventeenth Street, N.W.
Washington, DC 20036
E-Mail: khassett@aei.org

R. Glenn Hubbard
Graduate School of Business
Columbia University, 101 Uris Hall
3022 Broadway
New York, NY  10027
Tel: 212/854-3493
Fax: 212/864-6184
E-Mail: rgh1@columbia.edu, ws2187@columbia.edu
AB  - In this paper, we summarize recent advances in the study of effects of tax policy on the fixed investment decisions of firms. We attempt to identify consensus where it has been achieved and to highlight important unresolved issues.  In addition, we discuss the implications of recent findings for the analysis of policy options, and discuss arguments for and against long-run tax policy that favors business investment spending.
ER  -