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Inflation smoothing and the modest effect of VAT in Germany /
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 in...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, European Dept.,
2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/175. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 050 | 4 | |a HG3881.5.I58 |b W67 no.08/175 | |
| 082 | 0 | 4 | |a 332.4943 |2 23 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Carare, Alina, |e author. | |
| 245 | 1 | 0 | |a Inflation smoothing and the modest effect of VAT in Germany / |c prepared by Alina Carare and Stephan Danninger. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, European Dept., |c 2008. | ||
| 264 | 4 | |c ©2008 | |
| 300 | |a 1 online resource (21 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/08/175 | |
| 500 | |a "July 2008." | ||
| 504 | |a Includes bibliographical references (page 18). | ||
| 520 | 3 | |a 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. | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. Stylized Facts and Rationale for Inflation Smoothing; III. Empirical Analysis; IV. Conclusions; References; Appendix; I. Data; II. Method; III. Calculating The Effect on Core Inflation | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Inflation (Finance) |z Germany. | |
| 650 | 0 | |a Value-added tax |z Germany. | |
| 650 | 0 | |a Inflation (Finance) |z Germany |x Econometric models. | |
| 650 | 0 | |a Value-added tax |z Germany |x Econometric models. | |
| 650 | 6 | |a Inflation |z Allemagne. | |
| 650 | 6 | |a Taxe à la valeur ajoutée |z Allemagne. | |
| 650 | 6 | |a Inflation |z Allemagne |x Modèles économétriques. | |
| 650 | 6 | |a Taxe à la valeur ajoutée |z Allemagne |x Modèles économétriques. | |
| 650 | 7 | |a Inflation (Finance) |2 fast | |
| 650 | 7 | |a Inflation (Finance) |x Econometric models |2 fast | |
| 650 | 7 | |a Value-added tax |2 fast | |
| 650 | 7 | |a Value-added tax |x Econometric models |2 fast | |
| 651 | 7 | |a Germany |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJtCD3rcKcPDx6FHmjvrbd | |
| 650 | 7 | |a Umsatzsteuer. |2 stw | |
| 650 | 7 | |a Inflation. |2 stw | |
| 650 | 7 | |a Deutschland. |2 stw | |
| 700 | 1 | |a Danninger, Stephan, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b European Department. | |
| 776 | 0 | 8 | |i Print version: |a Carare, Alina. |t Inflation smoothing and the modest effect of VAT in Germany. |d Washington, D.C. : International Monetary Fund, European Dept., 2008 |w (OCoLC)252266275 |
| 830 | 0 | |a IMF working paper ; |v WP/08/175. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1607936 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1607936 | ||
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