| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16690 |
| DP16690 A Temporary VAT Cut as Unconventional Fiscal Policy | |
| Ruediger Bachmann; Benjamin Born; Olga Goldfayn-Frank; Georgi Kocharakov; Ralph Luetticke; Michael Weber | |
| 发表日期 | 2021-11-02 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households’ consumption expenditures and their perceived pass-through of the tax change into prices to quantify its effects. The temporary VAT cut led to a substantial relative increase in durable spending of 36% for individuals with a high perceived pass-through. Semi- and non-durable spending also increased. According to our preferred estimates, the VAT policy increased aggregate consumption spending by 34 billion Euros. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Unconventional fiscal policy Value added tax Survey data Expectations Consumption Household data |
| URL | https://cepr.org/publications/dp16690 |
| 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/545626 |
| 推荐引用方式 GB/T 7714 | Ruediger Bachmann,Benjamin Born,Olga Goldfayn-Frank,et al. DP16690 A Temporary VAT Cut as Unconventional Fiscal Policy. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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