What Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes

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...

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Veröffentlicht in:	NBER Working Paper Series 2017-09, p.23849
Hauptverfasser:	Kosonen, Tuomas, Carloni, Dorian, Harju, Jarkko, Benzarti, Youssef
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry Economic models Economic theory Public Economics Tax reform VAT
Online-Zugang:	Volltext
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