We examine the role of market characteristics and timing in explaining observed heterogeneity in VAT pass-through. We first extend existing theory to characteri
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 fo
This paper sets out the key concepts necessary to calculate trade in value added using input-output tables. We explain the basic structure of an input-output ta
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a
The 2007–09 international financial crisis underscored the importance of reliable and timely statistics on the general government and public sectors. Governme