The fiscal and intergenerational burdens of brakes and subsidies for energy prices

IF 1 4区 经济学 Q3 ECONOMICS International Tax and Public Finance Pub Date : 2023-10-30 DOI:10.1007/s10797-023-09807-8
Johannes Huber, Christian Scharrer
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Abstract

Abstract 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.

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能源价格刹车和补贴的财政和代际负担
摘要本文采用大规模代际重叠模型,研究了非目标能源价格刹车和补贴的不同融资规则对代际福利的影响。结果表明,与没有任何政府干预的自由放任解决办法相比,以债务融资实施这些措施对年轻人和后代非常有害。然而,对暴利征税可以大大有助于减轻这几代人的经济负担;然而,对老一辈的积极影响就不那么明显了。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.40
自引率
10.00%
发文量
56
期刊介绍: INTERNATIONAL TAX AND PUBLIC FINANCE publishes outstanding original research, both theoretical and empirical, in all areas of public economics.  While the journal has a historical strength in open economy, international, and interjurisdictional issues, we actively encourage high-quality submissions from the breadth of public economics.The special Policy Watch section is designed to facilitate communication between the academic and public policy spheres.  This section includes timely, policy-oriented discussions. The goal is to provide a two-way forum in which academic researchers gain insight into current policy priorities and policy-makers can access academic advances in a practical way.  INTERNATIONAL TAX AND PUBLIC FINANCE is peer reviewed and published in one volume per year, consisting of six issues, one of which contains papers presented at the annual congress of the International Institute of Public Finance (refereed in the usual way). Officially cited as: Int Tax Public Finance
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