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...
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | |
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2008.
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| سلاسل: | IMF Working Papers; Working Paper ;
No. 2008/175 |
| الوصول للمادة أونلاين: | Full text available on IMF |