| |
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910812624203321 |
|
|
Autore |
Danninger Stephan |
|
|
Titolo |
Inflation Smoothing and the Modest Effect of VAT in Germany / / Stephan Danninger, Alina Carare |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2008 |
|
|
|
|
|
|
|
ISBN |
|
1-4623-5882-9 |
1-4527-9650-5 |
1-4518-7033-7 |
9786612841262 |
1-282-84126-2 |
|
|
|
|
|
|
|
|
Edizione |
[1st ed.] |
|
|
|
|
|
Descrizione fisica |
|
1 online resource (23 p.) |
|
|
|
|
|
|
Collana |
|
IMF Working Papers |
IMF working paper ; ; WP/08/175 |
|
|
|
|
|
|
|
|
Altri autori (Persone) |
|
|
|
|
|
|
Disciplina |
|
|
|
|
|
|
Soggetti |
|
Inflation (Finance) - Germany |
Value-added tax - Germany |
Inflation (Finance) - Germany - Econometric models |
Value-added tax - Germany - Econometric models |
Inflation |
Macroeconomics |
Taxation |
Price Level |
Deflation |
Business Taxes and Subsidies |
Macroeconomics: Consumption |
Saving |
Wealth |
Public finance & taxation |
Value-added tax |
Consumer price indexes |
Consumption |
Price adjustments |
Prices |
Spendings tax |
Price indexes |
Economics |
Germany |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
Description based upon print version of record. |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references. |
|
|
|
|
|
|
Nota di contenuto |
|
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 |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
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. |
|
|
|
|
|
|
|
| |