Bank of Greece Study: VAT Cuts Alone Insufficient for Inflation Control Without Structural Reforms

A study by the Bank of Greece finds temporary VAT reductions have limited impact on inflation Research by Georgios Paleodimos and Dimitris Papageorgiou VAT cuts are effective when combined with structural reforms Reforms should enhance competition and reduce economic distortions

Source: vatcalc.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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