Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 7, 2023 erstellt
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Beschreibung:
The world economy in general develops at a high rate, but it is accompanied by severe environmental consequences, which is one of the major problems for countries and policymakers in the process of finding appropriate solutions to deal with, especially in the context that nations around the world are currently suffering from great pressure on inflation due to the long-term impacts of the COVID-19 pandemic and economic instability caused by conflicts and intense political fluctuations. We consider that carbon taxes is the macro factor that contribute to the change in inflation rate. Therefore, this paper estimate and analyze the impact of the carbon taxes on inflation and its impact level on the relationship between oil price and inflation. We expect that carbon taxes can mititgate inflation pressure caused by an increase in oil price. Our research provides meaningful reference information for polictymakers to make "dual" efforts to both protect the environment and to stabilize inflation. The results of our research models show that the final effect of carbon taxes on inflation is still significant and that carbon taxes can mitigate the negative impact level of oil price on inflation. In generally, these results are important implications for countries in the process of making economic and environmental policies. They also serve as a foundation for reference and discussion to provide guidance for countries in developing environmental protection and economic development policies