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Inflation Smoothing And The Modest Effect Of Vat In Germany

Inflation Smoothing and the Modest Effect of VAT in Germany PDF
Author: Alina Carare
Publisher: International Monetary Fund
ISBN:
Size: 25.37 MB
Format: PDF, Mobi
Category : Electronic book
Languages : en
Pages : 21
View: 4241

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Inflation Smoothing And The Modest Effect Of Vat In Germany

by Alina Carare, Inflation Smoothing And The Modest Effect Of Vat In Germany Books available in PDF, EPUB, Mobi Format. Download Inflation Smoothing And The Modest Effect Of Vat In Germany books, Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about delayed inflationary effects. This paper argues to the contrary that price increases in advance of the VAT hike explain the small increase upon implementation. We find that core inflation rose by 0.36 percentage point in the run up and by a further 0.40 percentage point at the time of the VAT hike. Cumulatively, the tax hike contributed to two thirds of the increase in core inflation in 2006-07 at an estimated pass-through of 73 percent. Most of the increase in 2006 was of general nature, while about one sixth can be attributed to durable goods and items with low degree of competition.

Inflation Smoothing And The Modest Effect Of Vat In Germany Epub

Inflation Smoothing and the Modest Effect of VAT in Germany EPub PDF
Author: Mr. Stephan Danninger
Publisher: International Monetary Fund
ISBN: 1452796505
Size: 80.98 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 90
View: 6196

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Inflation Smoothing And The Modest Effect Of Vat In Germany Epub

by Mr. Stephan Danninger, Inflation Smoothing And The Modest Effect Of Vat In Germany Epub Books available in PDF, EPUB, Mobi Format. Download Inflation Smoothing And The Modest Effect Of Vat In Germany Epub books, Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about delayed inflationary effects. This paper argues to the contrary that price increases in advance of the VAT hike explain the small increase upon implementation. We find that core inflation rose by 0.36 percentage point in the run up and by a further 0.40 percentage point at the time of the VAT hike. Cumulatively, the tax hike contributed to two thirds of the increase in core inflation in 2006-07 at an estimated pass-through of 73 percent. Most of the increase in 2006 was of general nature, while about one sixth can be attributed to durable goods and items with low degree of competition.

Inflation Smoothing And The Modest Effect Of Vat In Germany

Inflation Smoothing and the Modest Effect of VAT in Germany PDF
Author: Mr. Stephan Danninger
Publisher: International Monetary Fund
ISBN: 1451914865
Size: 33.87 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 21
View: 236

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Inflation Smoothing And The Modest Effect Of Vat In Germany

by Mr. Stephan Danninger, Inflation Smoothing And The Modest Effect Of Vat In Germany Books available in PDF, EPUB, Mobi Format. Download Inflation Smoothing And The Modest Effect Of Vat In Germany books, Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about delayed inflationary effects. This paper argues to the contrary that price increases in advance of the VAT hike explain the small increase upon implementation. We find that core inflation rose by 0.36 percentage point in the run up and by a further 0.40 percentage point at the time of the VAT hike. Cumulatively, the tax hike contributed to two thirds of the increase in core inflation in 2006-07 at an estimated pass-through of 73 percent. Most of the increase in 2006 was of general nature, while about one sixth can be attributed to durable goods and items with low degree of competition.

The Price And Welfare Effects Of The Value Added Tax Evidence From Mexico

The Price and Welfare Effects of The Value Added Tax Evidence from Mexico PDF
Author: Rodrigo Mariscal
Publisher: International Monetary Fund
ISBN: 1484384199
Size: 21.25 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 46
View: 2813

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The Price And Welfare Effects Of The Value Added Tax Evidence From Mexico

by Rodrigo Mariscal, The Price And Welfare Effects Of The Value Added Tax Evidence From Mexico Books available in PDF, EPUB, Mobi Format. Download The Price And Welfare Effects Of The Value Added Tax Evidence From Mexico books, In this paper we analyze the incidence of the VAT and its effects on the income distribution. To identify these effects, we rely on two tax reforms undertaken in Mexico that increased the VAT rate for a group of cities and left the rest unaffected. We compare the inflation rate of the affected cities with the exempted cities before and after the law changed. We find that the effect on prices is limited and conclude that the burden of the tax is indeed shared between producers and consumers. Regarding welfare, we find that the VAT is progressive in both absolute and relative terms to the overall expenditure. Finally, we show that an identical change in the VAT rate when inflation is high and persistent doubles its pass-through to inflation and its welfare loss for the average household.

Fiscal Policy After The Financial Crisis

Fiscal Policy after the Financial Crisis PDF
Author: Alberto Alesina
Publisher: University of Chicago Press
ISBN: 022601844X
Size: 51.96 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 595
View: 5019

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Fiscal Policy After The Financial Crisis

by Alberto Alesina, Fiscal Policy After The Financial Crisis Books available in PDF, EPUB, Mobi Format. Download Fiscal Policy After The Financial Crisis books, The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.

Taxing Profit In A Global Economy

Taxing Profit in a Global Economy PDF
Author: Director of the Oxford University Centre for Business Taxation and Professor of Business Taxation Michael P Devereux
Publisher: Oxford University Press, USA
ISBN: 0198808062
Size: 33.54 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 416
View: 6832

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Taxing Profit In A Global Economy

by Director of the Oxford University Centre for Business Taxation and Professor of Business Taxation Michael P Devereux, Taxing Profit In A Global Economy Books available in PDF, EPUB, Mobi Format. Download Taxing Profit In A Global Economy books, This book examines fundamental issues of principle and practice in the taxation of international corporations. It analyses the economic and wider normative basis of the existing international tax system, and proposes potential reforms, including radical methods of allocating taxing rights based on residence, destination, and formula apportionment.

Austrian Economic Quarterly

Austrian Economic Quarterly PDF
Author: Österreichisches Institut für Wirtschaftsforschung
Publisher:
ISBN:
Size: 10.46 MB
Format: PDF, Kindle
Category : Austrian school of economics
Languages : en
Pages :
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Austrian Economic Quarterly

by Österreichisches Institut für Wirtschaftsforschung, Austrian Economic Quarterly Books available in PDF, EPUB, Mobi Format. Download Austrian Economic Quarterly books,