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Will Germany's Temporary VAT Tax Rates Cut as Part of the COVID-19 Fiscal Stimulus Package Boost Consumption and Growth?
Funke, Michael; Terasa, Raphael - 2021
On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...
Persistent link: https://www.econbiz.de/10013314775
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Temporary Super Depreciation Allowances for Green and Digital Investments
Funke, Michael; Terasa, Raphael - 2022
As an incentive to increase high-impact investment and boost growth, the German Federal Government is planning to introduce a targeted temporary super depreciation allowance to support much-needed green and digital transitions. Using a calibrated multi-sector DSGE model, we find that the...
Persistent link: https://www.econbiz.de/10013353450
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Who Carries the Burden of the Value-Added Tax? Evidence from Germany
Sultan, Samina - 2020
exogenous value-added tax reform in Germany, I use an event study and a differences-in-differences approach to investigate the …
Persistent link: https://www.econbiz.de/10012492949
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Who Carries the Burden of the Value-Added Tax? Evidence from Germany
Sultan, Samina - 2021
exogenous value-added tax reform in Germany, I use an event study and a differences-in-differences approach to investigate the …
Persistent link: https://www.econbiz.de/10013251269
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The Pass-Through of Temporary VAT Rate Cuts : Evidence from German Supermarket Retail
Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2021
identify the causal price effects, we compare the development of prices in Germany to those in Austria. Our findings indicate …
Persistent link: https://www.econbiz.de/10013222200
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How Did U.S. Consumers Use Their Stimulus Payments?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012269580
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Demand or Supply? Price Adjustment during the Covid-19 Pandemic
Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported negative impact of Covid-19 on current business is...
Persistent link: https://www.econbiz.de/10012269464
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Extraordinary Measures: The Role of Debt Levels in Fiscal Policy Responses to Covid-19
Elbourne, Adam; Piccillo, Giulia; Velentzas, Konstantinos - 2023
We use SVAR models for 18 economies to estimate how much fiscal policy deviated from pre-pandemic norms during the Covid-19 pandemic. For most countries, fiscal policy was more expansive than the pre-pandemic norm predicts based on the state of the economy during the pandemic. The size of the...
Persistent link: https://www.econbiz.de/10014469485
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Costly, But (Relatively) Ineffective? An Assessment of Germany's Temporary VAT Rate Reduction During the COVID-19 Pandemic
Baudisch, Victoria; Neuenkirch, Matthias - 2023
We evaluate Germany’s temporary value-added tax (VAT) rate reduction as a tool to stimulate consumer spending during … the Covid-19 pandemic using a comparative case study approach. We construct a credible counterfactual for Germany in a two … similar to Germany regarding important post-treatment characteristics. Second, we apply a reweighting scheme on the pre …
Persistent link: https://www.econbiz.de/10014356603
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Divorce and Gold Coins: A Case Study of Iran
Farzanegan, Mohammad Reza; Gholipour, Hassan F. - 2018
The increasing divorce rate has become a major social concern for policy makers in the Islamic government of Iran. The price of gold coin is an important factor in cost-benefit analysis for individuals in their marriage and divorce decisions in Iran. Dowries (Mehrieh) are usually in the form of...
Persistent link: https://www.econbiz.de/10011794212