We synthesize the literature on the recent rise of populism. First, we discuss definitions and
present descriptive evidence on the recent increase in support for populists. Second, we …

The Tax Cuts and Jobs Act of 2017 (TCJA) instituted the most substantial changes in
taxation in decades and was designed to boost the economy via supply-side incentives. This …

Since 2002, the US government has encouraged business investment using accelerated
depreciation policies that significantly reduce investment costs. We provide the first in-depth …

We incorporate the lumpy nature of firm-level investment into the study of how tax policy
affects investment behaviour. We show that tax policies can directly impact the lumpiness of …

ABSTRACT We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form
estimates from tax data with a global investment model, we estimate responses, identify …

We develop a theory of sweat equity—the value of business owners' time and expenses to
build customer bases, client lists, and other intangible assets. We discipline the theory using …

This paper studies the effects of an historically large federal corporate income tax cut on US
firms and workers, leveraging quasi-experimental policy variation from the 2017 law known …

Based on the experience of recent decades, the United States apparently musters the
political will to change its tax system comprehensively about every 30 years, so it seems …

This paper examines the Tax Cuts and Jobs Act (TCJA) of 2017, the largest tax overhaul
since 1986. The new tax law makes substantial changes to the rates and bases of both the …

What quantitative lessons can we learn from models of endogenous technical change
through innovative investments by firms for the impact of changes in the economic …