The Costs of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy
نویسندگان
چکیده
منابع مشابه
Public Policy, Price Shocks, and Conflict: Price Shocks and Civil War in Developing Countries∗
Those who study the role of agriculture in the political economy of development focus on government policy choices on the one hand and the impact of price shocks on the other. We argue that the two should be studied together. We find that civil unrest (Granger) causes government policies, pushing governments in poor and medium income countries to shift relative prices in favor of urban consumer...
متن کاملPublic Policy, Price Shocks, and Civil War in Developing Countries
Those who study the role of agriculture in the political economy of development focus on government policy choices on the one hand and the impact of price shocks on the other. We argue that the two should be studied together. We find that civil unrest (Granger) causes government policies, pushing governments in poor and medium income countries to shift relative prices in favor of urban consumer...
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T he environmental issues have received a lot of attention in recent years. Since environmental pollution is one of the issues that may damage the ability of future generations, it is important to examine the determinants of the environment quality. The main objective of this study is to investigate the impact of urban and rural income inequality on natural gas consumption in Iran. To this...
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How should monetary authorities react to an oil price shock? The New Keynesian literature has concluded that ensuring complete price stability is the optimal thing to do. In contrast, this paper argues that a meaningful trade-off between stabilizing inflation and the welfare relevant output gap arises in a distorted economy once one recognizes (i) that oil (energy) cannot be easily substituted ...
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In this study, we model the long-term and dynamic relationships between spot oil and exchange rates and gas prices by applying the Markov switching vector self-regression model in three regional gas markets in USA, Europe and Asia. Price behavior is analyzed using Bayesian estimation to take into account the transition from an existing relationship and the delayed and recurring effects of pric...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4173113