Cremer, Helmuth; Gahvari, Firouz; Ladoux, Norbert - Laboratoire d'Économie des Ressources Naturelles … - 2011
This paper examines if an energy price shock should be compensated by a reduction in energy taxes to mitigate its impact on consumer prices. Such an adjustment is often debated and advocated for redistributive reasons. Our investigation is based on a model that characterizes second-best optimal...