Macroeconomic consequences of oil price and tax policies. Final report
This analysis examines the macroeconomic consequences of selected federal energy policies affecting petroleum prices and the disposition of oil market revenues. Specifically, it compares overall economic performance under current oil policy conditions, which include full price decontrol in 1981 and the imposition of a windfall profits tax on domestic production, to that arising under alternative policy situations. These cover the continuation of oil price controls, elimination of the windfall profits tax (under various government financing schemes), and substitution of a reformed windfall profits tax beginning in 1983. Also, each policy is analyzed under two sets of conditions defining future world oil prices.
- Research Organization:
- Jorgenson (Dale W.) Associates, Cambridge, MA (USA)
- DOE Contract Number:
- AC01-82PE70455
- OSTI ID:
- 5196575
- Report Number(s):
- DOE/PE/70455-T1; ON: DE84007700
- Country of Publication:
- United States
- Language:
- English
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