Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … the effectiveness of such policies using changes in value-added tax (VAT) and household survey data for Poland. We find … households increased their inflation expectations and willingness to purchase durables before the increase in VAT. Future …

impetus to fiscal discipline, robust economic growth and equitable society. The paper discusses issues in the service tax …

We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for … monetary policy is constrained by a binding lower bound, a currency union, or an exchange rate peg, fiscal policy can therefore …