Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309472 
Year of Publication: 
2023
Citation: 
[Journal:] International Tax and Public Finance [ISSN:] 1573-6970 [Volume:] 31 [Issue:] 5 [Publisher:] Springer US [Place:] New York, NY [Year:] 2023 [Pages:] 1249-1273
Publisher: 
Springer US, New York, NY
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.
Subjects: 
Fiscal policy
Price brakes
Price subsidies
Energy crisis
Welfare
JEL: 
E62
E30
H20
H30
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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