Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75637
Authors: 
Boehm, Hjalmar
Funke, Michael
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 311
Abstract: 
In this paper we offer an analysis of the effects of uncertainty about future tax policy on irreversible investment. The main message of the paper is that investment is not much affected by the degreee of tax policy uncertainty. This is true regardless of whether random tax changes are determined endogenously or exogenously. The paper therefore indicates that reducing tax policy uncertainty is probably no magic bullet to increase private investment spending
Subjects: 
Investment
uncertainty
irreversibility
taxation
Document Type: 
Working Paper

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