Data and Code For: Unconventional Fiscal Policy at Work
收藏ICPSR2023-01-01 更新2026-04-16 收录
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资源简介：
In an effort to stabilize the economy during the Covid-19 pandemic, the German government reduced value added taxes (VAT) by three percentage points for a period of six months in the latter half of 2020. This measure resulted in a boost in aggregate consumer spending on both durable and semi-durable goods during the six-month period, with spending decreasing once the VAT reduction was reversed. The effect of the temporary VAT cut on durable spending was stronger than on semi-durable spending. Additionally, the temporary VAT cut also stabilized, and even slightly increased, inflation expectations in the second half of 2020.
提供机构：
Frankfurt School of Finance and Management; University of Notre Dame; University of Chicago. Booth School of Business; University of Tuebingen; Deutsche Bundesbank
创建时间：
2023-01-01
