Depreciation, inflation and investment incentives: the effects of the tax acts of 1981 and 1982
Depreciation, inflation and investment incentives: the effects of the tax acts of 1981 and 1982
复制标题
折旧、通货膨胀和投资激励：1981 年和 1982 年税收法案的影响
DOI：
10.20955/r.66.17-30.jly
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发表时间：
1984
期刊：
影响因子：
--
通讯作者：
Mack Ott
中科院分区：
文献类型：
--
作者：
Mack Ott
BREE 颁布多年后，围绕 1981 年经济复苏税收法案 (ERTA) 及其后续法案 1982 年税收公平和财政责任法案 (TEFRA) 的争议仍然存在。一方面，里根政府声称1981年的减税政策大幅增加了美国商业投资，并促进了从1981-82年经济衰退中的强劲复苏”。另一方面，一些评论家认为减税未能增加企业投资。2此外，ERTA 的其他批评者认为，尽管投资有所增加，但投资方式不平衡：进入工厂的资源太少，而进入生产商耐用设备的资源却太多。关于减税有效性的争论几乎完全忽略了近期通货紧缩的独立影响。也就是说，仅仅通过通货膨胀率的下降，投资会增加到什么程度？这种影响是如何产生的？
BREE years after its enactment, controversy still surrounds the Economic Recovery Tax Act of 1981 (ERTA) and its successor, the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). On the one hand, the Reagan administration claims that the 1981 tax reductions substantially increased U.S. business investment and contributed to the strong recovery from the 1981—82 recession’. On the other hand, some commentators argue that the tax reductions have failed to increase business investment.2 Moreover, other critics of ERTA argue that, although investment has increased, it has done so in an unbalanced fashion: too few resources are going into plant, while too many are going into producers’ durable equipment.’ Omitted almost entirely from the debate over the effectiveness of the tax reductions has been the independent impact of the recent disinflation. That is, to what extent would investment have been increased simply by the decline of the inflation rate and how does such an influence come about?