Long-term Macroeconomic Effects of the 2017 Corporate Tax Cuts
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This study uses a dynamic equilibrium model to project the long-term economic impact of the corporate tax cut by simulating business decisions that determine dividend issuance and equity valuation as well as household decisions that determine equity ownership and the U.S. wealth distribution.
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Barro, Jorge. "Long-term Macroeconomic Effects of the 2017 Corporate Tax Cuts." (2018) James A. Baker III Institute for Public Policy: https://www.bakerinstitute.org/research/long-term-macroeconomic-effects-2017-corporate-tax-cuts/.