Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2019
This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that … from the tax reform are positive in the long run as other countries' exports benefit from additional investment in the … the presence of financial frictions, corporate debt declines under the tax reform as firms are no longer able to deduct …