Series: IMF Working Papers
Author(s): Benedict Clements , Sanjeev Gupta , and Hong-Sang Jung
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2003
Keywords: Public expenditure, CGE, petroleum prices, subsidy, income groups, household consumption, household groups, Computable General Equilibrium Models, State and Local Taxation, Subsidies
The impact of higher petroleum prices on the aggregate price level, real growth, and income distribution is appraised within a multisector computable general equilibrium (CGE) model. A reduction in the government s...