Fiscal Instruments, Welfare and Inflation

Autor:	Daniel Mugeiro da Silva
Jazyk:	English<br />Portuguese
Rok vydání:	2024
Předmět:	Fiscal Instruments HANK Inflation Welfare VAT Transfers Economic history and conditions HC10-1085 Economics as a science HB71-74
Zdroj:	Notas Económicas, Iss 58 (2024)
Druh dokumentu:	article
ISSN:	2183-203X 0872-4733
DOI:	10.14195/2183-203X_58_3
Popis:	This study aims at answering two research questions. Firstly, given a change in the VAT rate and a change in targeted transfers, which would impact inflation the most? Secondly, after a negative supply shock, which measure would be more welfare-friendly? We find that VAT changes generate a greater impact on inflation than changes in transfers, both empirically and within the structural model. Additionally, we find that a decrease in the VAT rate, though it generates more inequalities, is more welfare-friendly if it is measured through a utilitarian approach.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/f975b8600bd049c8a8bd382543ebf7aa Zobrazit plný text záznamu View record in DOAJ