Showing 1 - 10 of 1,170
price jump smaller than the size of the expiring tax reduction at the start of September. Our results are robust to …
Persistent link: https://www.econbiz.de/10014244339
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips curves for 35 OECD economies from 1995 to 2020. As carbon pricing we consider prices of emissions trading systems (ETS) and carbon taxes. We find that an increase in prices of ETS...
Persistent link: https://www.econbiz.de/10013305654
This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...
Persistent link: https://www.econbiz.de/10012844204
This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax … rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual … bank account data at the transaction level, we properly disentangle anticipation effects from price effects, and estimate …
Persistent link: https://www.econbiz.de/10014534342
price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level … and to protect them from sudden price fluctuations. Such regulations are already in place in several countries, but … whether they indeed help lower the overall fuel price level is unclear. In this paper, we study the effect of Austria’s Fuel …
Persistent link: https://www.econbiz.de/10013250741
An individual's initial experiences with a common good, such as gasoline, can shape their behavior for decades. We first show that the 1979 oil crisis had a persistent negative effect on the likelihood that individuals that came of driving age during this time drove to work in the year 2000...
Persistent link: https://www.econbiz.de/10012865700
We estimate the long-run effect of a uniform carbon tax on energy consumption by using a new and unique dataset in which effective tax rates of OECD countries are calculated in terms of carbon dioxide emissions. The effective tax rates account for the widely discussed tax deductions for specific...
Persistent link: https://www.econbiz.de/10011522503
effectiveness, with a special emphasis on: how to impose a unique carbon price in the aftermath of the rejection of the carbon tax …
Persistent link: https://www.econbiz.de/10010283620
transfer scheme called “gas price brake.” A unique feature of this energy price relief measure is that both households and the … industry receive a transfer that increases in one’s actual gas price. In a formal model, we show that such a transfer scheme … overcome this adverse effect of the gas price brake. An equivalent critique applies to the electricity price brake that is to …
Persistent link: https://www.econbiz.de/10014256244
We show that, to form aggregate inflation expectations, consumers rely on the price changes they face in their daily … lives while grocery shopping. Specifically, the frequency and size of price changes, rather than their expenditure share …. Our results suggest that the frequency and size of grocery-price changes to which consumers are personally exposed should …
Persistent link: https://www.econbiz.de/10012861375