增值税临时削减的全面、持久和对称传递

IF 4.8 1区经济学 Q1 ECONOMICS

Journal of Public Economics Pub Date : 2025-06-10 DOI:10.1016/j.jpubeco.2025.105416

Tiago Bernardino , Ricardo Duque Gabriel , João Quelhas , Márcia Silva-Pereira

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引用次数: 0

摘要

我们调查通过临时增值税（增值税）削减选定的食品在葡萄牙的消费者价格。利用每日在线价格的新数据集，我们发现增值税下调完全传导到消费者价格，并在整个政策期间持续存在，价格在逆转后恢复到实施前的趋势。我们讨论了导致这一结果的两种潜在机制：在高通胀环境下，政策对消费者的突出作用以及实施后生产者价格的下降。我们估计，该政策对降低通货膨胀率的影响为0.68个百分点。

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The full, persistent, and symmetric pass-through of a temporary VAT cut

We investigate the pass-through of a temporary value-added tax (VAT) cut on selected food products to consumer prices in Portugal. Exploiting a novel data set of daily online prices, we find that the VAT cut was fully transmitted to consumer prices, persisted throughout the policy duration, and prices returned to the pre-implementation trend after reversal. We discuss two potential mechanisms driving this result: the policy’s salience to consumers in a high-inflation environment and the decline in producer prices when implemented. We estimate that the policy reduced the inflation rate by 0.68 percentage points on impact.

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来源期刊

Journal of Public Economics ECONOMICS-

CiteScore

14.10

自引率

2.00%

发文量

139

审稿时长

70 days

期刊介绍： The Journal of Public Economics aims to promote original scientific research in the field of public economics, focusing on the utilization of contemporary economic theory and quantitative analysis methodologies. It serves as a platform for the international scholarly community to engage in discussions on public policy matters.