| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2074 |
| DP2074 Should Monetary Policy be Adjusted Frequently? | |
| Sylvester Eijffinger; Harry Huizinga | |
| 发表日期 | 1999-02-28 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper develops a model of a small open economy that produces an export good with domestic labour and imported energy and is stuck in an unemployment situation resulting from an excessive fixed net-of-tax wage rate. We study a revenue-neutral green tax reform that substitutes energy for wage taxes. A moderate green tax reform will boost employment, improve welfare and increase the economy's competitiveness. The driving force behind these results is the technological substitution process that a green tax reform will bring about by inducing the producers to substitute labour for energy as factors of production. The resulting reduction in unemployment is welfare increasing since energy, which the country has to buy at its true national opportunity cost, is replaced with labour, whose price is above its social opportunity cost. As long as the labour tax rate exceeds the resource tax rate, a revenue-neutral green-tax reform will reduce the domestic firms' unit cost of production and hence increase international competitiveness and output of the economy. |
| 主题 | Public Economics |
| 关键词 | Competitiveness Green tax reform Involuntary unemployment |
| URL | https://cepr.org/publications/dp2074 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531194 |
| 推荐引用方式 GB/T 7714 | Sylvester Eijffinger,Harry Huizinga. DP2074 Should Monetary Policy be Adjusted Frequently?. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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