Evidence from a vat increase in japan

HIGHLIGHTS

• who: David, Cashin and Takashi, Unayama from the The figure presents the average contracted interest rate on short-term loans and discountsThese are the average interest rates applied to a contract of less than one year between commercial banks and lenders. The data come from the Bank of Japan have published the article: EVIDENCE FROM A VAT INCREASE IN JAPAN, in the Journal: (JOURNAL) of June/25,/1996
• what: This fact allows the authors to make the simplifying assumption of constant relative pretax prices in the model presented in section III. Unlike previous studies, the . . .
  

   

  

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