Like they say: consumer lose about 1% of income in welfare to pay the tax. But if that roughly matches government revenue the welfare losses (the triangles) are smaller than that
02.02.2025 15:42
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I thought it was just that the Tax Policy Center looks only at the loss of consumer surplus, while a trade economist takes the government revenue as a +
02.02.2025 15:37
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This NYT article discusses inflation and wage growth and kindly references our Wage Price Spiral paper (quoted below).
www.nytimes.com/2023/10/02/o...
03.10.2023 17:48
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