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We examine the macroeconomic and household welfare consequences of oil sanctions in Iran. We use social accounting … of oil from Iran to the rest of the world is banned. Our main results show that higher income households are losing more … sanction crisis. In addition, labor income increases while the capital income falls in response to oil sanctions in Iran. These …
Persistent link: https://www.econbiz.de/10010477980
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In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price deviations from the linear trend are transient and the price...
Persistent link: https://www.econbiz.de/10013145145
them, or raise health awareness along with providing information on the universal cash-back LPG subsidy program or a … financial constraints and the importance of the design of public subsidy schemes in inducing regular usage of clean fuels. …
Persistent link: https://www.econbiz.de/10012389469
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We analyze a dynamic stochastic general-equilibrium (DSGE) model with an externality through climate change from using fossil energy. A central result of our paper is an analytical derivation of a simple formula for the marginal externality damage of emissions. This formula, which holds under...
Persistent link: https://www.econbiz.de/10013121038
We analyze a dynamic stochastic general-equilibrium (DSGE) model with an externality through climate change from using fossil energy. A central result of our paper is an analytical derivation of a simple formula for the marginal externality damage of emissions. This formula, which holds under...
Persistent link: https://www.econbiz.de/10012461310
Persistent link: https://www.econbiz.de/10003406357
This paper develops sufficient conditions under which the Weak Green Paradox may (and may not) hold in terms of subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the substitution to biofuels. Analytical results are derived and...
Persistent link: https://www.econbiz.de/10003938736