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Inflation Smoothing and the Modest Effect of VAT in Germany
Danninger, Stephan - 2008
Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about … small increase upon implementation. We find that core inflation rose by 0.36 percentage point in the run up and by a further … in core inflation in 2006-07 at an estimated pass-through of 73 percent. Most of the increase in 2006 was of ge …
Persistent link: https://www.econbiz.de/10012677621
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Unconventional Fiscal Policy in Times of High Inflation
Dao, Mai - 2023
The surge in energy prices in 2022 has been a defining factor behind the increase in euro area inflation. We assess the … to mute the effects of the increase in energy prices and to lower inflation. Overall, we find that these unconventional … measures reduced euro area inflation by 1 to 2 percentage points in 2022 and may avoid an undershoot later on. When …
Persistent link: https://www.econbiz.de/10015059180
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Designing a Progressive VAT
Swistak, Artur - 2024
This paper presents a novel approach to addressing VAT regressivity, by proposing the adoption of a progressive VAT: a single-rate, broad-base, VAT, whereby tax paid on consumption is re-paid to lower income households in real-time, at the moment of purchase. Such a system can effectively...
Persistent link: https://www.econbiz.de/10015058549
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Small Firm Growth and the VAT Threshold Evidence for the UK
Liu, Li - 2024
This paper studies the effect of the VAT threshold on firm growth in the UK, using exogenous variation over time in the threshold, combined with turnover bin fixed effects, for identification. We find robust evidence that annual growth in turnover slows by about 1 percentage point when firm...
Persistent link: https://www.econbiz.de/10015058698
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Value Added Tax in the Extractive Industries
Swistak, Artur - 2023
Lower capacity countries often struggle to administer the Value Added Tax (VAT) in the extractive industries, partly due to the large VAT refunds needs of this capital and export-intensive sector. Assuming that the first-best policy (apply the standard VAT to the extractive industry) is not...
Persistent link: https://www.econbiz.de/10015058987
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The Impact of the Tax Cuts and Jobs Act on Foreign Investment in the United States
Matheson, Thornton - 2022
The 2017 Tax Cuts and Jobs Act (TCJA) sharply reduced effective corporate income tax rates on equity-financed US investment. This paper examines the reform's impact on US inbound foreign direct investment (FDI) and investment in property, plant and equipment (PPE) by foreign-owned US companies....
Persistent link: https://www.econbiz.de/10015060451
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Bank capital adequacy in Australia
Jang, Byung K.; Sheridan, Niamh - 2012
The paper finds that, given Australia's conservative approach in implementing the Basel II framework, Australian banks …
Persistent link: https://www.econbiz.de/10009423924
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Does Technological Diffusion Explain Australia's Productivity Performance?
Tressel, Thierry - 2008
-factor productivity (MFP) in a panel of industries in 15 OECD countries over the period 1980 to 2003, with a special focus on Australia …
Persistent link: https://www.econbiz.de/10012677560
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The Declining Importance of Tradable Goods Manufacturing in Australia and New Zealand
Hunt, Ben - 2009
the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster … productivity growth in the tradable goods sector in Australia, New Zealand, and their major trading partners accounts for a …
Persistent link: https://www.econbiz.de/10012677711
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Financial Integration in Asia : Estimating the Risk-Sharing Gains for Australia and Other Nations
Mercereau, Benoît - 2006
Intro -- Contents -- I. INTRODUCTION -- II. FINANCIAL INTEGRATION REDUCES RISK -- III. ESTIMATION METHODOLOGY AND DATA -- IV. RESULTS -- V. CONCLUSION -- Appendix. Data Sources and Construction -- References.
Persistent link: https://www.econbiz.de/10012690982