Can VAT Cuts and Anti-Profiteering Measures Dampen the Effects of Food Price Inflation?

We thank the Editor (Rema Hanna) and four referees for their valuable comments and suggestions. We are grateful to Pierre Bachas, Raj Chetty, Lucie Gadenne, Jarkko Harju, Pascal Michaillat, Clara Martinez-Toledano, Emi Nakamura, Emmanuel Saez, Alisa Tazhitdinova, Tejaswi Velayudhan, Roman David Zarate, and several seminar and conference participants for helpful suggestions and comments. Kuda Maposa provided outstanding research assistance. We acknowledge financial assistance from the Institute for New Economic Thinking, the EUR grant ANR-17-EURE-0001, the World Inequality Lab, CEPREMAP, the Institute for Fiscal Studies, and the University of Nottingham. The views expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent, nor those of the National Bureau of Economic Research.

• March 14, 2024