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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
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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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Much research has been devoted to examination of the financial easing policy of the European Central Bank (ECB). However, this study is one of the first to use a dynamic micro-founded model to investigate empirically the impact of the ECB’s Quantitative Easing (QE) policy on consumption and...
Persistent link: https://www.econbiz.de/10011825894
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The effects of discontinuing harmful fishery subsidies in Spain were analysed using a social accounting matrix. The study found that the removal of these subsidies would have negative consequences for the economy. Specifically, there would be a significant decline in the production value of...
Persistent link: https://www.econbiz.de/10015334533
challenges. China’s fishing fleet is the world’s largest, and in 2016 the government changed its fuel subsidy policy for distant …
Persistent link: https://www.econbiz.de/10014356519