Ms.Dora Benedek

Christine J. Richmond

Bobana Cegar

Mr.Peter Dohlman

Michelle Hassine

Beata Jajko

Piotr Kopyrski

Maksym Markevych

Mr.Jacques A Miniane

The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early 2000s was not always equally shared across society, and it has now slowed dramatically in many countries of the region.

Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

Ruud A. de Mooij

Mr.Philippe Wingender

This paper estimates the pass through of VAT changes to consumer prices, using a unique dataset providing disaggregated, monthly data on prices and VAT rates for 17 Eurozone countries over 1999-2013. Pass through is much less than full on average, and differs markedly across types of VAT change. For changes in the standard rate, for instance, final pass through is about 100 percent; for reduced rates it is significantly less, at around 30 percent; and for reclassifications it is essentially zero. We also find: differing dynamics of pass through for durables and non-durables; no significant difference in pass through between rate increases and decreases; signs of non-monotonicity in the relationship between pass through and the breadth of the consumption base affected; and indications of significant anticipation effects together with some evidence of lagged effects in the two years around reform. The results are robust against endogeneity and attenuation bias.

Estimating VAT Pass Through

Ms.Dora Benedek

Books

Your next favorite book is out there