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Tobacco taxes are deemed regressive, because the poorest families tend to allocate larger shares of their budget to purchase tobacco. However, as taxes also discourage tobacco use, some of the most adverse effects, including higher medical expenses, lower life expectancy at birth, added years of...
Persistent link: https://www.econbiz.de/10012961225
Despite the well-known positive effects of tobacco taxes on health outcomes, policy makers avoid relying on such taxes because of their possible regressive impact. Using an extended cost-benefit analysis to estimate the distributional effect of cigarettes in the Russian Federation, this paper...
Persistent link: https://www.econbiz.de/10012908756
This paper exploits unique features of a recently introduced tariff schedule for natural gas in Buenos Aires to estimate the short-run impact of price shocks on residential energy utilization. The schedule induces a nonlinear and non-monotonic relationship between households' accumulated...
Persistent link: https://www.econbiz.de/10012973456
Recent volatility in international energy prices has revealed South Eastern Europe as one of the most vulnerable regions to such external shocks. Under the current global economic downturn, in addition, the region?s energy-intensive industries are faced with the challenge of the weakening demand...
Persistent link: https://www.econbiz.de/10012976742
The objective of this paper is to provide an estimate of the elasticity of elephant poaching with respect to prices. Ivory being a storable commodity subjects its price to Hotelling's no-arbitrage condition, hence allowing identification of the supply curve. The price of gold, one of many...
Persistent link: https://www.econbiz.de/10012852884
Tobacco-use-related diseases are the main cause of mortality in Moldova, where tobacco consumption is widely spread, especially among men. In addition to health concerns, tobacco consumption has economic consequences, as households spend substantial resources on tobacco and related out-of-pocket...
Persistent link: https://www.econbiz.de/10012928587
This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … impulse responses by local projections both suggest that a 1 percentage point shock to the inflation rate reduces the debt … higher inflation, even if accompanied by some financial repression, could reduce the public debt burden only marginally in …
Persistent link: https://www.econbiz.de/10012842775
This paper investigates the dynamics between the exchange rate and consumer price inflation in Zambia. The analysis … inflation is equally affected by genuine exchange rate shocks, but appears more reactive to changes in copper prices or the …
Persistent link: https://www.econbiz.de/10012901507
This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a … focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in …. Indeed, in EMDEs, long-term inflation expectations are more sensitive to both domestic and global inflation shocks. However …
Persistent link: https://www.econbiz.de/10012889899
The degree to which domestic prices adjust to exchange rate movements is key to understanding inflation dynamics, and … hence to guiding monetary policy. However, the exchange rate pass-through to inflation varies considerably across countries … countries that combine flexible exchange rate regimes and credible inflation targets. Finally, the empirical results suggest …
Persistent link: https://www.econbiz.de/10012889904