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High Performing Asian Economies
Fogel, Robert W. - 2004
To American and European economists in 1945, the countries of Asia were unpromising candidates for high economic growth … Asia experienced vigorous economic growth, some with growth rates far exceeding the previous growth rates of the … economic growth would falter, proved to be incorrect. Growth rates will probably continue at high levels in Southeast Asia for …
Persistent link: https://www.econbiz.de/10012467938
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Reforming Inefficient Energy Pricing : Evidence from China
Ito, Koichiro - 2020
Inefficient energy pricing hinders economic development in many countries. We examine long-run effects of a recent heating reform in China that replaced a commonly-used fixed-payment system with individually-metered pricing. Using staggered policy rollouts and administrative data on...
Persistent link: https://www.econbiz.de/10012482034
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Selection on Welfare Gains : Experimental Evidence from Electricity Plan Choice
Ito, Koichiro; Ida, Takanori; Tanaka, Makoto - National Bureau of Economic Research - 2021
We study a problem in which policymakers need to screen self-selected individuals by unobserved heterogeneity in social welfare gains from a policy intervention. In our framework, the marginal treatment effects and marginal treatment responses arise as key statistics to characterize social...
Persistent link: https://www.econbiz.de/10012482629
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Distributional Impacts of Energy Taxes
Pizer, William A. - 2017
Despite popularity among economists for their efficiency, energy pollution taxes enjoy less political support than standards-based regulation because of common perceptions that they burden the poor relative to the rich. However, the literature on pollution tax incidence and consumption surveys...
Persistent link: https://www.econbiz.de/10012455363
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The Impact of Removing Tax Preferences for U.S. Oil and Natural Gas Production : Measuring Tax Subsidies by an Equivalent Price Impact Approach
Metcalf, Gilbert E. - 2016
This paper presents a novel methodology for estimating impacts on domestic supply of oil and natural gas arising from changes in the tax treatment of oil and gas production. It corrects a downward bias when the ratio of aggregate tax expenditures to domestic production is used to measure the...
Persistent link: https://www.econbiz.de/10012456142
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The Incidence of Carbon Taxes in U.S. Manufacturing : Lessons from Energy Cost Pass-Through
Ganapati, Sharat - 2016
This paper studies how changes in energy input costs for U.S. manufacturers affect the relative welfare of manufacturing producers and consumers (i.e. incidence). In doing so, we develop a partial equilibrium methodology to estimate the incidence of input taxes that can simultaneously account...
Persistent link: https://www.econbiz.de/10012456394
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What Do Consumers Believe About Future Gasoline Prices?
Anderson, Soren T. - 2011
A full understanding of how gasoline prices affect consumer behavior frequently requires information on how consumers forecast future gasoline prices. We provide the first evidence on the nature of these forecasts by analyzing two decades of data on gasoline price expectations from the Michigan...
Persistent link: https://www.econbiz.de/10012461678
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Managing an Energy Shock : Fiscal and Monetary Policy
Auclert, Adrien; Monnery, Hugo; Rognlie, Matthew; … - National Bureau of Economic Research - 2023
This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic goods is realistically low, increases in energy...
Persistent link: https://www.econbiz.de/10014337777
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Pandemic-Era Inflation Drivers and Global Spillovers
Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - National Bureau of Economic Research - 2023
We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020-2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices and wages. We further measure the relative...
Persistent link: https://www.econbiz.de/10014437018
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The Unequal Economic Consequences of Carbon Pricing
Känzig, Diego R. - National Bureau of Economic Research - 2023
This paper studies the economic impacts of carbon pricing. Exploiting institutional features of the European carbon market and high-frequency data, I document that a tighter carbon pricing regime leads to higher energy prices, lower emissions and more green innovation. This comes at the cost of...
Persistent link: https://www.econbiz.de/10014287322