Table 29. Projected
Economic Impacts of Carbon Reduction Cases
Assuming Personal Income Tax Rebate
(Changes From Reference Case)
Analysis Case |
2010 |
2015 |
2020 |
1990-3% |
|||
Collections (Billion Nominal Dollars) |
585 | 633 | 674 |
| Wholesale Price Index for Fuel and Power (Percent Change) | 99.1 | 89.9 | 78.9 |
| Producer Price Index (Percent Change) | 15.7 | 14.6 | 12.9 |
| Consumer Price Index (Percent Change) | 6.0 | 4.2 | 2.9 |
| Unemployment Rate (Difference in Rate) | 1.6 | -0.4 | 0.1 |
| Federal Funds Rate (Difference in Rate) | -0.7 | 0.5 | 0.1 |
| Potential GDP (Percent Change) | -1.2 | -0.8 | -0.6 |
| Real GDP (Percent Change) | -3.5 | -0.1 | -0.7 |
| Real GDP (Billion 1992 Chain-Weighted Dollars) | -327 | -12 | -72 |
| Consumption (Percent Change) | -2.3 | 0.8 | 0.4 |
| Investment (Percent Change) | -3.6 | 3.3 | -0.0 |
| Industrial Output (Percent Change) | -5.8 | -2.5 | -3.6 |
| 1990+9% | |||
| Collections (Billion Nominal Dollars) | 317 | 340 | 391 |
| Wholesale Price Index for Fuel and Power (Percent Change) | 55.7 | 53.7 | 52.5 |
| Producer Price Index (Percent Change) | 9.0 | 8.8 | 8.7 |
| Consumer Price Index (Percent Change) | 3.5 | 2.5 | 2.1 |
| Unemployment Rate (Difference in Rate) | 0.9 | -0.2 | 0.2 |
| Federal Funds Rate (Difference in Rate) | -0.4 | 0.2 | -0.1 |
| Potential GDP (Percent Change) | -0.7 | -0.4 | -0.4 |
| Real GDP (Percent Change) | -2.0 | -0.1 | -0.6 |
| Real GDP (Billion 1992 Chain-Weighted Dollars) | -187 | -15 | -68 |
| Consumption (Percent Change) | -1.5 | 0.2 | -0.2 |
| Investment (Percent Change) | -1.5 | 1.8 | -0.1 |
| Industrial Output (Percent Change) | -3.0 | -1.6 | -3.1 |
| 1990+24% | |||
| Collections (Billion Nominal Dollars) | 128 | 206 | 271 |
| Wholesale Price Index for Fuel and Power (Percent Change) | 21.5 | 29.3 | 32.9 |
| Producer Price Index (Percent Change) | 3.6 | 4.9 | 5.5 |
| Consumer Price Index (Percent Change) | 1.5 | 1.6 | 1.4 |
| Unemployment Rate (Difference in Rate) | 0.5 | 0.2 | 0.1 |
| Federal Funds Rate (Difference in Rate) | -0.2 | -0.0 | -0.1 |
| Potential GDP (Percent Change) | -0.2 | -0.3 | -0.3 |
| Real GDP (Percent Change) | -1.0 | -0.5 | -0.5 |
| Real GDP (Billion 1992 Chain-Weighted Dollars) | -96 | -54 | -49 |
| Consumption (Percent Change) | -0.8 | -0.4 | -0.3 |
| Investment (Percent Change) | -1.8 | 0.2 | 0.1 |
| Industrial Output (Percent Change) | -1.3 | -1.3 | -2.0 |
| Source: Simulations of the Data Resources, Inc. (DRI) Macroeconomic Model of the U.S. Economy. | |||