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GTAP Resources: Resource Display

GTAP Resource #7029

"CHALLENGES IN GREENING THE ECONOMIES: A CGE ANALYSIS OF THE INFLATION REDUCTION ACT (IRA)"
by Suarez-Cuesta, David and Maria Latorre


Abstract
The TERM model for the United States is used to analyze the long-term economic impact of the Inflation Reduction Act. Market clearing and accounting equations allow the 26 industries to be represented as an integrated framework; labor adjusts to accommodate investment in the climate-related industries and federal healthcare spending increases, and private consumption shrinks as a result of the tax increases. We concluded that the deficit reduction estimated for this plan would effectively reduce inflation (CPI), but the domestic stimulus from the investments would counteract this effect, nullifying the previous effect.


Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Not published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Version:
Created: Suarez-Cuesta, D. (4/17/2023)
Updated: Suarez-Cuesta, D. (6/13/2023)
Visits: 331
- Advances in quantitative methods
- Dynamic modeling
- Domestic policy analysis
- North America


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  File format IRA_SuarezCuesta_Latorre  (173.4 KB)   Replicated: 0 time(s)


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Last Modified: 9/15/2023 2:05:45 PM