What Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes
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下载链接：
https://www.nber.org/papers/w23849
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资源简介：
This paper shows that prices respond more to increases than to decreases in Value-Added Taxes (VATs). First, using two plausibly exogenous VAT changes, we show that prices respond twice as much to VAT increases than to VAT decreases. Second, we show that this asymmetry results in higher equilibrium
提供机构：
美国国家经济研究局
创建时间：
2017-09-01
