Macroeconomic and distributional consequences of net zero policies in the United Kingdom:
This paper presents new simulation results for the UK combining macroeconomic simulations in ThreeME, a computable general equilibrium model, with household-level micro-simulations with the aim to provide consistent estimates of macroeconomic and distributional consequences of policy action to curb...
Gespeichert in:
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| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1743 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper presents new simulation results for the UK combining macroeconomic simulations in ThreeME, a computable general equilibrium model, with household-level micro-simulations with the aim to provide consistent estimates of macroeconomic and distributional consequences of policy action to curb greenhouse gas emissions. One main and overarching result is that if an economy-wide and significant carbon price is introduced it leads to large emission reductions. Macroeconomic and distributional consequences are very limited in comparison. Redistributing 30% of total tax revenue as a lump-sum transfer to households would ensure that a majority of income deciles in most regions increase their disposable income, with gains notably in the lower part of the income distribution. |
| Beschreibung: | 1 Online-Ressource (23 p.) 21 x 28cm. |
| DOI: | 10.1787/a8849581-en |
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| spelling | Pareliussen, Jon VerfasserIn aut Macroeconomic and distributional consequences of net zero policies in the United Kingdom Jon, Pareliussen, Aurelien, Saussay and Josh, Burke Paris OECD Publishing 2022 1 Online-Ressource (23 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1743 This paper presents new simulation results for the UK combining macroeconomic simulations in ThreeME, a computable general equilibrium model, with household-level micro-simulations with the aim to provide consistent estimates of macroeconomic and distributional consequences of policy action to curb greenhouse gas emissions. One main and overarching result is that if an economy-wide and significant carbon price is introduced it leads to large emission reductions. Macroeconomic and distributional consequences are very limited in comparison. Redistributing 30% of total tax revenue as a lump-sum transfer to households would ensure that a majority of income deciles in most regions increase their disposable income, with gains notably in the lower part of the income distribution. Environment Economics United Kingdom Saussay, Aurelien MitwirkendeR ctb Burke, Josh MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/a8849581-en Volltext |
| spellingShingle | Pareliussen, Jon Macroeconomic and distributional consequences of net zero policies in the United Kingdom Environment Economics United Kingdom |
| title | Macroeconomic and distributional consequences of net zero policies in the United Kingdom |
| title_auth | Macroeconomic and distributional consequences of net zero policies in the United Kingdom |
| title_exact_search | Macroeconomic and distributional consequences of net zero policies in the United Kingdom |
| title_full | Macroeconomic and distributional consequences of net zero policies in the United Kingdom Jon, Pareliussen, Aurelien, Saussay and Josh, Burke |
| title_fullStr | Macroeconomic and distributional consequences of net zero policies in the United Kingdom Jon, Pareliussen, Aurelien, Saussay and Josh, Burke |
| title_full_unstemmed | Macroeconomic and distributional consequences of net zero policies in the United Kingdom Jon, Pareliussen, Aurelien, Saussay and Josh, Burke |
| title_short | Macroeconomic and distributional consequences of net zero policies in the United Kingdom |
| title_sort | macroeconomic and distributional consequences of net zero policies in the united kingdom |
| topic | Environment Economics United Kingdom |
| topic_facet | Environment Economics United Kingdom |
| url | https://doi.org/10.1787/a8849581-en |
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