Huber, Johannes and Scharrer, Christian (2023) The fiscal and intergenerational burdens of brakes and subsidies for energy prices. INTERNATIONAL TAX AND PUBLIC FINANCE. ISSN 0927-5940, 1573-6970
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We study the effects of different financing rules for untargeted energy price brakes and subsidies on intergenerational welfare in a large-scale overlapping generations model. The results indicate that, in comparison with a laissez-faire solution without any government interventions, debt-financed implementations of such measures are very detrimental for young and future generations. However, the taxation of windfall profits can significantly contribute to reduce the economic burdens of these generations; whereas, the positive effects on older generations are much less pronounced.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | SHOCKS; POLICY; Fiscal policy, Price brakes, Price subsidies, Energy crisis, Welfare; E62; E30; H20; H30 |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Economics of the Public SectorWirtschaftspolitik (Professor Dr. Fabian Kindermann) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 13 Mar 2024 11:00 |
| Last Modified: | 13 Mar 2024 11:00 |
| URI: | https://pred.uni-regensburg.de/id/eprint/59684 |
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