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Inflation Smoothing and the Modest Effect of VAT in Germany / / Stephan Danninger, Alina Carare



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Autore: Danninger Stephan Visualizza persona
Titolo: Inflation Smoothing and the Modest Effect of VAT in Germany / / Stephan Danninger, Alina Carare Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 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
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
Soggetto geografico: Germany
Altri autori: CarareAlina  
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.
Titolo autorizzato: Inflation Smoothing and the Modest Effect of VAT in Germany  Visualizza cluster
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.: 9910788234403321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2008/175