García, Carlos; García, Pablo; Grünwald, M. Carolina; … - Banco Central de Chile - 2003
This document analyses and estimates the effect on inflation of the recently announced changes in indirect taxes (VAT … assumptions, the effect of the increase in VAT on inflation should be around half percentage point during the last quarter of 2003 …. This estimation assumes that inflation expectations remain unchanged, that markups suffer a mild long run compression, and …