Who Really Benefits from Consumption Tax Cuts? Evidence from a Large VAT Reform in France.
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The views expressed in this paper are the authors’ and should not be interpreted as CBO’s. We are thankful to Alan Auerbach, Hilary Hoynes and Emmanuel Saez for their continuous support and guidance throughout this project. We also thank David Cashin, Tuomas Kosonen, Jonathan Goupille-Lebret, David Seim, David Sraer, Alisa Tazhitdinova and Reed Walker for helpful suggestions and comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.