2006, ISBN: 9781589069206

Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about delayed inflationary effects. This paper argues to the contrary tha… Mehr…

Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about delayed inflationary effects. This paper argues to the contrary that price increases in advance of the VAT hike explain the small increase upon implementation. We find that core inflation rose by 0.36 percentage point in the run up and by a further 0.40 percentage point at the time of the VAT hike. Cumulatively, the tax hike contributed to two thirds of the increase in core inf Increases in German core inflation following the 2007 VAT hike were smaller than expected, leading to speculation about delayed inflationary effects. This paper argues to the contrary that price increases in advance of the VAT hike explain the small increase upon implementation. We find that core inflation rose by 0.36 percentage point in the run up and by a further 0.40 percentage point at the time of the VAT hike. Cumulatively, the tax hike contributed to two thirds of the increase in core inflation in 2006-07 at an estimated pass-through of 73 percent. Most of the increase in 2006 was of general nature, while about one sixth can be attributed to durable goods and items with low degree of competition. Adult, Economics, Regional Economic Outlook: Middle East and Central Asia, May 2010~~ Fund, International Monetary~~Adult~~Economics~~9781589069206, en, Regional Economic Outlook: Middle East and Central Asia, May 2010, Fund, International Monetary, 9781589069206, INTERNATIONAL MONETARY FUND, 06/01/2004, , , , INTERNATIONAL MONETARY FUND, 06/01/2004<

2010, ISBN: 9781589069206

The May 2010 Regional Economic Outlook: Middle East and Central Asia reports on the implications for the region of global economic developments and presents key policy challenges and reco… Mehr…

The May 2010 Regional Economic Outlook: Middle East and Central Asia reports on the implications for the region of global economic developments and presents key policy challenges and recommendations. A resumption of capital inflows and the rebound in crude oil prices have aided the recovery in the oil-exporting countries of the Middle East and North Africa. The group of oil-importing countries is expected to show marginal increase in growth in response to a pickup in trade, investment, and bank credit. A key challenge for these countries is to enhance competitiveness to raise growth rates and generate employment. In the Caucasus and Central Asia, exports have begun to pick up, the decline in remittances appears to be slowing or reversing, and capital inflows have turned positive. For 2010, a recovery across the region is projected as the global economy, and in particular Russia, picks up speed. Overall, prospects for the region are improving and the regional impact of the Dubai crisis and events in Greece has been limited so far. Nevertheless, a repricing of sovereign debt cannot be excluded, adding a degree of uncertainty to the outlook. Business Business eBook, International Monetary Fund<

2010, ISBN: 9781589069206

Regional Economic Outlook: Middle East and Central Asia, May 2010 Regional-Economic-Outlook~~International-Monetary-Fund Undefined>Undefined>Undefined Other Format, International Monetary… Mehr…

Regional Economic Outlook: Middle East and Central Asia, May 2010 Regional-Economic-Outlook~~International-Monetary-Fund Undefined>Undefined>Undefined Other Format, International Monetary Fund<

ISBN: 158906920X

Fnac.com : Livraison gratuite et - 5% sur tous les livres. Regional Economic Outlook: Middle East and Central Asia: Apr-10 - Livre. Découvrez des nouveautés, des coups de cœur, des avis d… Mehr…

Fnac.com : Livraison gratuite et - 5% sur tous les livres. Regional Economic Outlook: Middle East and Central Asia: Apr-10 - Livre. Découvrez des nouveautés, des coups de cœur, des avis d'internautes, … Livre - Livre<