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This paper studies the extent to which the impact of tax policy on consumer spending differs between temporary and permanent, as well as anticipated and unanticipated tax changes. To discriminate between them, we use institutional information such as legal distinction between temporary and...
Persistent link: https://www.econbiz.de/10012471538
several facts about price and quantity changes over the product cycle employing scanner data for Japan for the years 1988 … provides a plausible story to explain why Japan's deflation during the lost decades was mild …
Persistent link: https://www.econbiz.de/10012977723
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This paper studies the extent to which the impact of tax policy on consumer spending differs between temporary and permanent, as well as anticipated and unanticipated tax changes. To discriminate between them, we use institutional information such as legal distinction between temporary and...
Persistent link: https://www.econbiz.de/10013231417
regressions for Japan and the United States. Our regression results show that, both in Japan and the U.S., real estate prices in a … a greater impact on real estate prices in Japan than in the U.S. Based on the regression result for Japan and the …
Persistent link: https://www.econbiz.de/10013061456
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that began around the mid-1980s in Japan has been called the 20th century's biggest bubble. In its aftermath, the country …
Persistent link: https://www.econbiz.de/10012399185