Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283139 
Year of Publication: 
2023
Series/Report no.: 
Volkswirtschaftliche Diskussionsreihe No. 346
Publisher: 
Universität Augsburg, Institut für Volkswirtschaftslehre, Augsburg
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 to 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.
Subjects: 
Fiscal Policy
Price Brakes
Price Subsidies
Energy Crisis
Welfare
JEL: 
E62
E30
H20
H30
Document Type: 
Working Paper

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