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Benjamin Born

Professor of Macroeconomics · University of Bonn

Professor of Macroeconomics at the University of Bonn and Research Director at the ifo Institute. Works on business cycles, fiscal and monetary policy, heterogeneous-agent macro and expectations.

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Online First Review of Economic Studies Online 10 Jun 2026
A Temporary VAT Cut as Unconventional Fiscal Policy

Rüdiger Bachmann · Benjamin Born · Olga Goldfayn-Frank · Georgi Kocharkov · Ralph Luetticke · Michael Weber

The paper studies Germany's temporary 3 percentage-point VAT cut from July 1 to December 31, 2020 (standard rate 19%→16%, reduced rate 7%→5%), combining two causal identification strategies with …