【财政学文献研讨会】第五十三期
时间：2019-02-19论文题目：Tax Policy and Heterogeneous Investment Behavior（Eric Zwick and James Mahon，American Economic Review 2017, 107(1): 217–248）
时 间：2019年2月22日 星期五 12:00 – 13:30
地 点：明德主楼610
主 讲：田沐歌 中国人民大学2018级财政学硕博连读生
摘要：We estimate the effect of temporary tax incentives on equipment investment using shifts in accelerated depreciation. Analyzing data for over 120,000 firms, we present three findings. First, bonus depreciation raised investment in eligible capital relative to ineligible capital by 10.4 percent between 2001 and 2004 and 16.9 percent between 2008 and 2010. Second, small firms respond 95 percent more than big firms. Third, firms respond strongly when the policy generates immediate cash flows, but not when cash flows only come in the future. This heterogeneity materially affects investment-weighted estimates and supports models in which financial frictions or fixed costs amplify investment responses.
主持人：刘晓路 副教授
财政学文献研讨会是由中国人民大学财政金融学院财政系主办，由财政系在读研究生剖析财政学经典或前沿文献，并对财政领域热点问题形成理论思考和系统看法。研讨会主题主要包括：政府行为、财政体制、税收体制及宏观经济等。