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The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model calibrated to the euro area. Subsidies can stabilize the domestic economy, but they are fiscally costly and generate...
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An economy plagued by a slump and in a liquidity trap has some options to exit the crisis. We discuss "helicopter money" and other equivalent policies that can reflate the economy and boost consumption. In the framework analysed - where lump-sum transfers may be the only e↵ective fiscal...
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. Author applies the classical models of oligopoly to subsidy competition, endogenousing investment incentives, but leaving tax … rates exogenous. According to the conventional wisdom, subsidy competition leads to overprovision of incentives. This paper … subsidies. Further, in the setting of subsidy regulation, the host country's corporate income tax rate has an ambiguous effect …
Persistent link: https://www.econbiz.de/10012751299
affected the world's environment. This ecosystem services price subsidy had led to overuse and waste of the resource in the … mechanism to internalize that value into the marketplace, either as a cost on the fossil fuel resource or a subsidy on renewable …
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global fossil-fuel subsidy reform. In this paper, we focus on 25 countries with large fossil-fuel consumption subsidies and … estimate the impacts of fossil-fuel subsidy reform on achieving country-specific emissions reduction targets defined by the …
Persistent link: https://www.econbiz.de/10012894766