Fiscal-Food Policies are Likely Misinformed by Biased Price Elasticities from Household Surveys: Evidence from Melanesia

Food Taxes: How Likely Are Likely Effects?

Price and Income Elasticities Estimated from BLS Consumer Expenditure Surveys and ACCRA Price Data

Price and Income Elasticities Estimated From BLS Consumer Expenditure Surveys and ACCRA Price Data Lester D. Taylor University of Arizona* This paper represents a low-key effort to estimate both price and income elasticities for several broad categories of expenditure from cross-sectional data sets that combine price information collected by ACCRA with the BLS Consumer Expenditure Surveys. Sixt...

Fiscal versus Monetary Dominance: Evidence from Iran

In this paper, we dealt with fiscal dominance, which is a situation in which the fiscal authority sets its expenditure and taxes without regard to any requirement of intertemporal budget balance. Therefore, the monetary authority must adjust its policies to ensure that the government budget is in balance. The existence of oil revenues for the government on the one hand and its lack of access to...

food taxes: how likely are likely effects?

An Empirical Test of Methods for Estimating Price Elasticities from Household Survey Data

Unit values, calculated as the ratio of household expenditure on a particular food to the quantity consumed, are often used as proxies for market prices in demand studies based on cross-sectional survey data. Because unit values are likely to give biased estimates of price elasticities, Deaton (1987, 1990) developed procedures for correcting these biases. However, empirical evidence on the bias...