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April 4, 2026Accounting and Auditing0 citationsOpen Access

Policy Shocks and Public Attention to Digital Tax in Greece: Event-Study and Nowcasting with Google Trends Time Series

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SBStefanos Balaskas

Key Points

  • This research aims to evaluate how public attention to digital tax reforms in Greece is influenced by policy announcements.
  • Analyzed monthly Google Trends data from 2016–present for Greece's myDATA/e-invoicing rollout.
  • Utilized preregistered event study models to distinguish between immediate changes and longer-term trends.
  • Conducted rolling-origin cross-validation to assess predictive performance against a seasonal-naïve benchmark.
  • Significant spikes in search activity for invoicing app terms during rollout phases, increasing by approximately 34 to 38 index points.
  • Search interest related to VAT alignment decreased significantly, dropping by about 34 to 43 index points.
  • Ecosystem attention showed larger opposite movements during public-sector expansions and VAT alignment, with shifts of about 53 and 46 index points respectively.

Abstract

Digital tax reforms are implemented through staged, publicly announced milestones, yet policymakers rarely have timely indicators of whether these signals mobilize information-seeking and whether such demand can be anticipated for operational planning. We analyze monthly Google Trends series for Greece’s myDATA/e-invoicing rollout (2016–present) using preregistered event study models that separate step changes from post-event trend shifts with HAC-robust inference, and we evaluate 1–3-month predictive performance via rolling-origin cross-validation against a seasonal-naïve benchmark. Search-based attention shifts appeared most clearly in application-related queries: invoicing app terms spike around visible rollout phases (≈+34 to +38 index points over six months) and decline around VAT–myDATA alignment (≈−34 to −43). Ecosystem attention (the “Electronic invoicing” topic) exhibits large, opposite-signed movements (≈−53 around public-sector expansion; ≈+46 around VAT alignment), whereas platform terms show smaller and less regular responses; a back-office milestone produces no detectable change. In out-of-sample tests, event-aware regressions improve short-horizon accuracy for platform terms (≈40–50% MAE reduction at one month; ≈18–32% at two to three months), with series- and horizon-dependent results elsewhere. Overall, the evidence supports using search activity as an intermediate planning signal—informative about when and where guidance demand concentrates but not evidence of compliance.

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Cite This Study

Stefanos Balaskas (2026) studied this question.

synapsesocial.com/papers/69d0af68659487ece0fa54fehttps://doi.org/10.3390/accountaudit2020006
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