G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16690
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
URLhttps://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.
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