Download or read book The Economic Effects of Recent Increases in Energy Prices written by and published by . This book was released on 2006 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Effects of Recent Increases in Energy Prices written by John Peterson and published by Government Printing Office. This book was released on 2006-08 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: NOTE: NO FURTHER DISCOUNT FOR THIS PRINT PRODUCT--OVERSTOCK SALE -- Significantly reduced list price while supplies last Analyzes the short-term macroeconomic effects of the recent rise in energy prices as well as the likely effects over the next ten years. Utility company personnel, American citizens and consumers, economists, and energy policy advocates may be interested in this volume to compare it to today's energy position and dependence in America. Middle school students and above may be interested in this volume for research papers. All libraries should have a copy of this text in their reference collections. Related products: International Energy Outlook 2016, With Projections to 2040 can be found here: https://bookstore.gpo.gov/products/sku/061-003-01167-5 New Realities: Energy Security in the 2010s and Implications for the U.S. Military is available here: https://bookstore.gpo.gov/products/sku/008-000-01093-5 Energy& Fuels resources collection can be found here: https://bookstore.gpo.gov/catalog/science-technology/energy-fuels Other reports produced by the U.S. Congressional Budget Office (CBO) can be found here: https://bookstore.gpo.gov/agency/237
Download or read book Regional Impacts of Rising Energy Prices written by William H. Miernyk and published by . This book was released on 1978 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effects of Energy Prices on the U S Economy Simulations with the MPS Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Effects of Recent Increases in Energy Prices written by and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices written by Mr.Chadi Abdallah and published by International Monetary Fund. This book was released on 2020-06-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the dynamic effects of changes in retail energy prices on inflation using a novel monthly database, covering 110 countries over 2000:M1 to 2016:M6. We find that (i) inflation responds positively to retail energy price shocks, with effects being, on average, modest and transitory. However, our results suggest significant heterogeneity in the response of inflation to these shocks owing to differences in factors related to labor market flexibility, energy intensity, and monetary policy credibility. We also find compelling evidence of asymmetric effects—under sufficiently large shocks—in the case of high-income and low-income countries, with increases in retail fuel prices inducing larger effects on inflation than decreases in fuel prices.
Download or read book Effects of Energy Price Changes written by Sebastian Renner and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Pricing Policies for Inclusive Growth in Latin America and the Caribbean written by Guillermo Beylis and published by World Bank Publications. This book was released on 2017-10-02 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government strategies for setting energy prices are not uniform across the Latin America and the Caribbean (LAC) region—or even across fuels. Instead, they cover a full spectrum, ranging from discretionary price-fixing at one end to pure market-based approaches at the other. In between is a wide variety of other schemes such as price stabilization funds, import or export parity pricing, price smoothing through tax levels, and targeted direct price subsidies or vouchers. Governments in the LAC region, however, tend to be small as measured by government revenues as a percentage of GDP. So their limited government resources have to be used wisely and be better targeted to the poor and vulnerable. Although energy subsidies are an inefficient policy tool for protecting the welfare of the poor, energy price increases can have a big impact on these households. Energy Pricing Policies for Inclusive Growth in Latin America and the Caribbean finds that energy subsidies are highly regressive in an absolute sense—that is, the lion’s share of every dollar spent on keeping energy prices low benefits wealthier households. However, subsidies for fuels that are widely used for cooking and heating—liquefied petroleum gas (LPG), natural gas, and kerosene—as well as for electricity, can be relatively neutral or progressive, implying that lower-income households capture benefits that are proportionate to their expenditures. In other words, although poorer households receive very little from every dollar spent on energy subsidies, that small amount may represent an important share of their expenditures. It is important, then, that governments expand the coverage and depth of their social safety nets to provide relief for poor households if energy prices rise. This report also finds that aggregate price impacts and the competitiveness effects of energy price increases are moderate to small and can be smoothed out through macropolicy responses.
Download or read book A Study of the Effects of Rising Energy Prices on the Low and Moderate Income Elderly written by and published by . This book was released on 1975 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Study of the Effects of Rising Energy Prices on the Low and Moderate Income Elderly written by Jeffrey Herzog and published by . This book was released on 1975 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Threshold Effects of Energy Price Changes written by D. P. van Soest and published by . This book was released on 2000* with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Energy Price Increases on Households written by J. P. Stucker and published by . This book was released on 1976 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Imperfect Competition and the Effects of Energy Price Increases on Economic Activity written by Julio Rotemberg and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly parameterized models of this type are able to mimic the response of output and real wages in the United States. The responses are particularly consistent with a model of implicit collusion where markups depend positively on the ratio of the expected present value of future profits to the current level of output.
Download or read book Energy Price Increases in Developing Countries written by Einar Hope and published by . This book was released on 1995 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Energy and Natural Resource Pricing written by United States. Congress. House. Committee on Banking, Currency and Housing. Ad Hoc Committee on the Domestic and International Monetary Effect of Energy and Other Natural Resource Pricing and published by . This book was released on 1975 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Price Increases in Developing Countries written by Einar Hope and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1995 Six case studies show that raising energy prices to eliminate subsidies does not harm the poor, growth, inflation, or industrial competitiveness. And public revenues improve. When domestic energy prices in developing countries fall below opportunity costs, price increases are recommended to conserve fiscal revenue and to ensure efficient use of resources. Using six case studies, Hope and Singh investigate the effect of energy price increases on the poor, inflation, growth, public revenues, and industrial competitiveness. The effect on households in various income classes depends on the energy commodity's share in the household budget and the price elasticity of demand. For energy as a whole (electricity and fuels, traditional and commercial), budget shares often decline with income. So in terms of income distribution, taxing energy is not ideal. But commercial fuel consumption increases greatly with income, so any subsidies applied will largely benefit nonpoor urban households. For each commercial energy source (electricity, kerosene, diesel, and gasoline) proportionate household spending will generally be lower, and some energy sources will be luxuries. In no instance does energy spending exceed 10 percent of the typical household budget for any income group. The effect on industry is generally modest, since cost shares for energy typically range from 0.5 to 3 percent (with the typical value being 1.5). In addition, many industries are flexible enough to substitute when energy prices increase. Energy prices tended to increase in adjustment and liberalization programs, and industrial output usually increased even with the higher energy prices. This suggests that the effect of the price increase is modest compared with the effects of other changes in the environment. There are exceptions, of course, such as energy-intensive industries with limited possibilities for substitution. Estimating the effects on public deficits is straightforward, even with uncertainty about demand elasticities: Energy price increases reduce the drain on public resources significantly. It is harder to trace the effects on inflation and growth in national income. The effects on inflation will generally not be severe, and inflation may even be reduced in the intermediate to long run, through lowered public deficits. Income growth rates were generally higher after the years of energy price adjustments than they were in the years before the price increases (with one exception) and the years of the price increases (with one exception). Income growth rates were higher during the years of price increases than before in about half of the case-study countries. This paper -- a product of the Public Economics Division, Policy Research Department -- is part of a larger effort in the department to study the distributional and environmental effects of energy pricing policies. The study was funded in part by the Bank's Research Support Budget under the research project Pollution and the Choice of Economic Policy Instruments in Developing Countries (RPO 676-48).
Download or read book Macroeconomic Impacts of Energy Shocks written by H.G. Huntington and published by Elsevier. This book was released on 2016-10-19 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large-scale macroeconomic models have been used extensively to analyze a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could be used to examine the impacts of energy price shocks.This study compares the responses of 14 prominent macroeconomic models to supply-side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50 and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices. Five policy responses were considered for offsetting the GNP impacts of the larger oil price increase: monetary accommodation, an income tax rate reduction, an increase in the investment tax credit for equipment, a reduction in the employer's payroll tax rate, and an oil stockpile release.The study was conducted by a working group comprised of about 40 modelers and potential model users from universities, business, and government. As in previous EMF studies, the group pursued two broad goals. Firstly, they sought to understand the models themselves by identifying important similarities as well as structural differences. Secondly, they sought to use the models to sharpen their understanding of energy shocks and of the related policy issues. Their conclusions appear as the first chapter in this volume, the remaining chapters providing more technical treatment of the key structural differences among the participating models as well as their use for evaluating energy policies.This volume is addressed particularly to those interested in the energy shock issue, as well as to those with a broader interest in macroeconomic models and policies.
