European Parliament Library

Iran :, The Chronicles of the Subsidy Reform, Dominique Guillaume, Roman Zytek, Mohammad Reza Farzin

On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it the first major oil-exporting country to reduce substantially implicit energy subsidies. This paper reviews the economic and technical issues involved in the planning and early implementation of the reform, including the transfers to households and the public relations campaign that were critical to the success of the reform. It also looks at the reform from a chronological standpoint, in particular in the final phases of the preparation. The paper concludes by an overview of the main challenges for the second phase of the reform
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. The Role of Oil in the Iranian Economy; III. Objectives of the Price Reform; 1. The Consumer Equilibrium Theory; IV. Reform Legislation; 2. Simulating Aggregate Cash Flows from a Hypothetical Gasoline Price Increase; V. Preparation of the Reform; A. Reform Timing Considerations; B. Reducing Inflation; C. Magnitude of the Price Adjustment; D. Energy Distribution and Pricing; E. Household Transfers; Who gets what? The allocation of the cash transfers; The identification of beneficiaries
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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