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Delhi Green Deal, Rohit Azad, Shouvik Chakraborty
Delhi Green Deal, Rohit Azad, Shouvik Chakraborty
PERI Working Papers
In this paper, we propose a carbon tax policy for Delhi, the most polluted capital in the world, which will fundamentally change the energy mix of Delhi’s economy toward clean, green energy and will guarantee universal access to electricity, transport and food, up to a certain amount. Any carbon mitigation strategy needs to alter our dependence on fossil fuels, requiring a systemic overhaul of its energy mix. Implementing a carbon tax will mitigate emissions and mobilise revenue for our proposed re-distributive program of Right to Food, Energy and Travel (RFET). The policy is designed to prefer ‘the poor over the …
Large Devaluations And Inflation Inequality: Evidence From Brazil, Raphael Rocha Gouvea
Large Devaluations And Inflation Inequality: Evidence From Brazil, Raphael Rocha Gouvea
Economics Department Working Paper Series
In the aftermath of large devaluations, prices of tradable goods and lower-priced varieties increase significantly more than the prices of nontradables and higher-priced varieties. These relative price changes may lead to inflation inequality when household consumption baskets are different across the distribution of income. Using Cravino and Levchenko [2017]’s methodology, we show that inflation for poor households in Brazil was at least 11 percentage points higher than for rich ones in the aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality ranging from 8 to 11 percentage points in …