Research Discussion Paper – RDP 2018-07 The GFC Investment Tax Break

Contents

David Rodgers completed much of this work while on secondment to the Australian Bureau of Statistics. We would like to thank the Australian Bureau of Statistics for providing data access, advice and assistance during the preparation of this paper. We would also like to thank Christian Gillitzer, James Bishop, Matthew Shapiro, Gianni La Cava, Ben Ralston, Michelle van der Merwe and John Simon for useful comments and suggestions, as well as seminar participants at the RBA, the UNSW Macroeconomics Reading Group, and the Australian Treasury. The views expressed in this paper are those of the authors and do not represent those of any institution. All errors are our own.

Endnotes

Economic Research Department, Reserve Bank of Australia and UNSW Sydney [*]

Economic Research Department, Reserve Bank of Australia [**]