Iran: The Chronicles of the Subsidy Reform
IMF Working Papers, July 1, 2011
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- Iran: The Chronicles of the Subsidy Reform
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Bibliographic details
- Authors: Dominique M. Guillaume, Roman Zytek, Mohammad Reza Farzin
- Published: July 1, 2011
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781462303212.001
Background and headline reform action
- 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.
- Publication authors: Dominique M. Guillaume, Roman Zytek, Mohammad Reza Farzin.
- Publication date: July 1, 2011.
- Series and identifiers:
- IMF Working Papers, Working Paper No. 2011/167, Issue: 167.
- Pages: 28.
- DOI: https://doi.org/10.5089/9781462303212.001.
- ISBN: 9781462303212.
- ISSN: 1018-5941.
- Stock No: WPIEA2011167.
Scope of the paper — economic and technical review
- Reviews the economic and technical issues involved in the planning and early implementation of the reform.
- Examines transfers to households that accompanied the price increases.
- Assesses the public relations campaign that were critical to the success of the reform.
Chronological analysis and preparation phases
- Looks at the reform from a chronological standpoint, with particular attention to the final phases of the preparation.
- Describes sequence and timing elements relevant to implementing a large-scale price reform (as summarized in the paper).
Conclusions and forward-looking challenges
- Concludes with an overview of the main challenges for the second phase of the reform.
- Emphasizes implementation and design issues that would need to be addressed going forward (as presented in the paper).
Subject tags and keywords (as provided)
- Subjects: Commodities, Energy prices, Expenditure, Fuel prices, Gasoline, Inflation, Prices, Public expenditure review.
- Keywords: Energy; energy price; Energy prices; f.o.b. gasoline price; free market; fuel price system; Fuel prices; Gasoline; Inflation; management authority; oil dividend; oil export price; opportunity cost; opportunity cost price; price increase; price reform; price scenario; price stability; product price; Public expenditure review; subsidy; substitution effect; terms of efficiency gain; WP.
Source: IMF Working Paper "Iran: The Chronicles of the Subsidy Reform" by Dominique M. Guillaume, Roman Zytek, and Mohammad Reza Farzin, July 1, 2011.
Content in this bundle
- _wp11167 - References