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RIETI Faculty Fellow UNAYAMA Takashi received 2021 NTJ Richard Musgrave Prize

UNAYAMA Takashi's photoDavid CASHIN and UNAYAMA Takashi's paper "The Spending and Consumption Response to a VAT Rate Increase" (National Tax Journal: Vol 74, No 2) won 2021 NTJ Richard Musgrave Prize. The prize was established in 1999 and is presented each year to the author(s) of the best article published in the National Tax Journal.

The paper was written based on the below RIETI Discussion Paper:
"The Impact of Permanent Income Shock on Consumption: Evidence from Japan's 2014 VAT Increase" (16-E-052)