全球智库信息集成服务系统(G2TT): DP15189 Are temporary value-added tax reductions passed on to consumers? Evidence from Germany’s stimulus

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15189
	DP15189 Are temporary value-added tax reductions passed on to consumers? Evidence from Germany’s stimulus
	Felix Montag; Alina Sagimuldina; Monika Schnitzer
发表日期	2020-08-21
出版年	2020
语种	英语
摘要	This paper provides the first estimates of the pass-through rate of the ongoing temporary value-added tax (VAT) reduction, which is part of the German fiscal response to COVID-19. Using a unique dataset containing the universe of price changes at fuel stations in Germany and France in June and July 2020, we employ a difference-in-differences strategy and find that pass-through is fast and substantial but remains incomplete for all fuel types. Furthermore, we find a high degree of heterogeneity between the pass-through estimates for different fuel types. Our results are consistent with the interpretation that pass-through rates are higher for customer groups who are more likely to exert competitive pressure by shopping for lower prices. Our results have important implications for the effectiveness of the stimulus measure and the cost-effective design of unconventional fiscal policy.
主题	Industrial Organization ; Public Economics
关键词	Pass-through Value-added taxes Stimulus Covid-19
URL	https://cepr.org/publications/dp15189
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/544159
推荐引用方式 GB/T 7714	Felix Montag,Alina Sagimuldina,Monika Schnitzer. DP15189 Are temporary value-added tax reductions passed on to consumers? Evidence from Germany’s stimulus. 2020.