India 2022 Tax Experiment
India's 2022 crypto tax caused domestic volume but displacement offshore, confirming displacement over suppression.
Impact Score
Score Reasoning
- Importance
- Clean natural experiment for the displacement prediction from the MPG thesis. Important empirical evidence but narrow application scope.
- Novelty
- The -86% domestic / +72% offshore displacement finding is a known empirical result from the MPG thesis, restated in CES context.
- Quality
- Clear presentation of the natural experiment with good links to monetary-productivity-gap and dollarization-spiral.