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Explore a comprehensive analysis of the efficiency-equity trade-off in Irish carbon tax revenue recycling schemes through a dynamic applied general equilibrium model. Delve into the examination of pure and mixed revenue recycling options, including household transfers and tax rate reductions. Discover how combining sales tax reductions with household transfers can potentially create a triple dividend, simultaneously reducing emissions, increasing GDP and welfare, and improving equity. Gain insights into the policy implications of balancing efficiency and equity outcomes through mixed revenue recycling strategies in the context of Ireland's carbon tax implementation.
