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...
| Κύριος συγγραφέας: | |
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| Άλλοι συγγραφείς: | |
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Σειρά: | IMF Working Papers; Working Paper ;
No. 2008/175 |
| Διαθέσιμο Online: | Full text available on IMF |