Matches in SemOpenAlex for { <https://semopenalex.org/work/W4362634437> ?p ?o ?g. }
- W4362634437 endingPage "113567" @default.
- W4362634437 startingPage "113567" @default.
- W4362634437 abstract "The recent surge in energy prices in Europe has prompted governments to introduce policy measures to support households and businesses. This paper uses the MATRIX model, a multi-sector and multi-agent macroeconomic model calibrated on the Euro Area, to analyse the economic and distributional effects of different macro-stabilization policies in response to energy price shocks. We find that, without policies, a surge in fossil fuel prices leads to higher inflation, lower GDP, and slow recovery. Generalized tax cuts and household subsidies have no significant effects, while firm subsidies promote a faster recovery at the expense of financial instability in the medium term, leading to a second slump. However, this second-round effect can be mitigated with proper fiscal-monetary policy coordination. If timely adopted, a government-funded energy tariff reduction is the most effective policy in mitigating GDP losses at relatively low public costs, particularly when coupled with an extra-profit tax on energy firms. Energy entrepreneurs benefit from rising fuel prices in all scenarios, but workers and downstream firms’ owners benefit more from energy tariff cuts and windfall profits tax." @default.
- W4362634437 created "2023-04-07" @default.
- W4362634437 creator A5019660047 @default.
- W4362634437 creator A5028573148 @default.
- W4362634437 creator A5072595978 @default.
- W4362634437 creator A5073607813 @default.
- W4362634437 creator A5089020447 @default.
- W4362634437 date "2023-06-01" @default.
- W4362634437 modified "2023-10-11" @default.
- W4362634437 title "Energy price shocks and stabilization policies in the MATRIX model" @default.
- W4362634437 cites W1095521710 @default.
- W4362634437 cites W1492424240 @default.
- W4362634437 cites W1508198902 @default.
- W4362634437 cites W1538589042 @default.
- W4362634437 cites W1810247643 @default.
- W4362634437 cites W1814337960 @default.
- W4362634437 cites W1902924596 @default.
- W4362634437 cites W1966384569 @default.
- W4362634437 cites W1968301923 @default.
- W4362634437 cites W1984152589 @default.
- W4362634437 cites W1994993012 @default.
- W4362634437 cites W1995183969 @default.
- W4362634437 cites W2012723247 @default.
- W4362634437 cites W2014382678 @default.
- W4362634437 cites W2016884740 @default.
- W4362634437 cites W2019188152 @default.
- W4362634437 cites W2020669678 @default.
- W4362634437 cites W2027452997 @default.
- W4362634437 cites W2042883439 @default.
- W4362634437 cites W2068105449 @default.
- W4362634437 cites W2072312726 @default.
- W4362634437 cites W2072334539 @default.
- W4362634437 cites W2076432592 @default.
- W4362634437 cites W2082388746 @default.
- W4362634437 cites W2088563154 @default.
- W4362634437 cites W2103727359 @default.
- W4362634437 cites W2107274838 @default.
- W4362634437 cites W2136743461 @default.
- W4362634437 cites W2140898820 @default.
- W4362634437 cites W2153476328 @default.
- W4362634437 cites W2237624758 @default.
- W4362634437 cites W2238625760 @default.
- W4362634437 cites W2278624854 @default.
- W4362634437 cites W2464906373 @default.
- W4362634437 cites W2510259342 @default.
- W4362634437 cites W2584836299 @default.
- W4362634437 cites W2599397756 @default.
- W4362634437 cites W2606009337 @default.
- W4362634437 cites W2750250340 @default.
- W4362634437 cites W2785984278 @default.
- W4362634437 cites W2788387486 @default.
- W4362634437 cites W2791903849 @default.
- W4362634437 cites W2901574742 @default.
- W4362634437 cites W2920906509 @default.
- W4362634437 cites W2989132192 @default.
- W4362634437 cites W3004025643 @default.
- W4362634437 cites W3014540006 @default.
- W4362634437 cites W3024117767 @default.
- W4362634437 cites W3121244974 @default.
- W4362634437 cites W3121611696 @default.
- W4362634437 cites W3121765993 @default.
- W4362634437 cites W3122161814 @default.
- W4362634437 cites W3122636074 @default.
- W4362634437 cites W3122656961 @default.
- W4362634437 cites W3122664804 @default.
- W4362634437 cites W3123198247 @default.
- W4362634437 cites W3123236438 @default.
- W4362634437 cites W3123460923 @default.
- W4362634437 cites W3123870533 @default.
- W4362634437 cites W3124097536 @default.
- W4362634437 cites W3124104134 @default.
- W4362634437 cites W3124240298 @default.
- W4362634437 cites W3124273680 @default.
- W4362634437 cites W3124797040 @default.
- W4362634437 cites W3125605242 @default.
- W4362634437 cites W3126022804 @default.
- W4362634437 cites W3143939708 @default.
- W4362634437 cites W3199260013 @default.
- W4362634437 cites W4200421300 @default.
- W4362634437 cites W4205490322 @default.
- W4362634437 cites W4212781478 @default.
- W4362634437 cites W4225733798 @default.
- W4362634437 cites W4290995988 @default.
- W4362634437 cites W4295664472 @default.
- W4362634437 cites W4313398586 @default.
- W4362634437 cites W586562305 @default.
- W4362634437 cites W841239597 @default.
- W4362634437 doi "https://doi.org/10.1016/j.enpol.2023.113567" @default.
- W4362634437 hasPublicationYear "2023" @default.
- W4362634437 type Work @default.
- W4362634437 citedByCount "0" @default.
- W4362634437 crossrefType "journal-article" @default.
- W4362634437 hasAuthorship W4362634437A5019660047 @default.
- W4362634437 hasAuthorship W4362634437A5028573148 @default.
- W4362634437 hasAuthorship W4362634437A5072595978 @default.
- W4362634437 hasAuthorship W4362634437A5073607813 @default.
- W4362634437 hasAuthorship W4362634437A5089020447 @default.
- W4362634437 hasConcept C119599485 @default.