Standard survey-based measurement of inflation expectations relies on density forecasts in which respondents assign probabilities to pre-specified inflation bins; this method has been found to induce …
Online FirstReview of Economic StudiesOnline 10 Jun 2026
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 …