Henry, Jérôme; Cos, Pablo Hernández de; Momigliano, … - Banco de España - 2004
This paper reviews the existing empirical evidence on the short term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers' social security …