Fernandez-de-Cordoba, Gonzalo; Torres, Jose L - In: Economic Issues Journal Articles 16 (2011) 1, pp. 1-18
This paper studies the macroeconomic effects of the transitory Value Added Tax (VAT) cut in the UK using a dynamic general equilibrium approach. The temporary VAT cut policy was announced on 24 November 2008, and was due to come into effect on 1 December 2008, with VAT reverting to its previous...