Financial Frictions and Stimulative Effects of Temporary Corporate Tax Cuts /

This paper uses an industry equilibrium model where some firms are financially constrained to quantify the effects of a transitory corporate tax cut funded by a future tax increase on the U.S. economy. It finds that by increasing current cash-flows tax cuts alleviate financing frictions, hereby stim...

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Bibliographic Details
Main Author: Gbohoui, William
Other Authors: Castro, Rui
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/097
Subjects:
Online Access:Full text available on IMF

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