| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24244 |
| 来源ID | Working Paper 24244 |
| Unconventional Fiscal Policy | |
| Francesco D’Acunto; Daniel Hoang; Michael Weber | |
| 发表日期 | 2018-01-29 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for the effectiveness of such policies using changes in value-added tax (VAT) and household survey data for Poland. We find households increased their inflation expectations and willingness to purchase durables before the increase in VAT. Future research has to ensure income, wealth effects, or intratemporal substitution channels cannot explain these results and ideally exploit exogenous variation in VAT in a fixed nominal interest rate environment. |
| 主题 | Microeconomics ; Households and Firms ; Economics of Information ; Behavioral Economics ; Macroeconomics ; Consumption and Investment ; Business Cycles ; Monetary Policy ; Fiscal Policy |
| URL | https://www.nber.org/papers/w24244 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581918 |
| 推荐引用方式 GB/T 7714 | Francesco D’Acunto,Daniel Hoang,Michael Weber. Unconventional Fiscal Policy. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24244.pdf（271KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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