Inflation smoothing and the modest effect of VAT in Germany / / Alina Carare and Stephan Danninger ; authorized for distribution by Ashoka Mody

• Autore: Carare Alina
• Pubblicazione: [Washington, District of Columbia] : , : International Monetary Fund, , 2008; ©2008
• Descrizione fisica: 1 online resource (23 p.)
• Disciplina: 332.4943
• Soggetto topico: Inflation (Finance) - Germany; Value-added tax - Germany; Inflation (Finance) - Germany - Econometric models; Value-added tax - Germany - Econometric models
• Soggetto genere / forma: Electronic books.
• Altri autori: DanningerStephan ModyAshoka
• 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 ge
• Titolo autorizzato: Inflation smoothing and the modest effect of VAT in Germany
• ISBN: 1-4623-5882-9; 1-4527-9650-5; 1-4518-7033-7; 9786612841262; 1-282-84126-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910463593003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers