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...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Carare, Alina (Author), Danninger, Stephan (Author)
Corporate Author: International Monetary Fund. European Department
Format: Electronic eBook
Language:Inglés
Published: Washington, D.C. : International Monetary Fund, European Dept., 2008.
©2008
Series:IMF working paper ; WP/08/175.
Subjects:
Inflation (Finance) > Germany.
Value-added tax > Germany.
Inflation (Finance) > Germany > Econometric models.
Value-added tax > Germany > Econometric models.
Inflation > Allemagne.
Taxe à la valeur ajoutée > Allemagne.
Inflation > Allemagne > Modèles économétriques.
Taxe à la valeur ajoutée > Allemagne > Modèles économétriques.
Inflation (Finance)
Inflation (Finance) > Econometric models
Value-added tax
Value-added tax > Econometric models
Umsatzsteuer.
Inflation.
Deutschland.
Germany
Online Access:Texto completo
Table of Contents:
  • 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

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