Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Download or read book Petroleum Study gasoline and Oil Price Increases written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1954 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Price Increases in Petroleum Products Hearings Before a Subcommittee of 81 1 June 29 and 30 1949 written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Preliminary Analysis of the Gasoline Price Increases written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pricing Petroleum Products written by Edward N. Krapels and published by . This book was released on 1982 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Security and Policy written by United States. General Accounting Office and published by . This book was released on 1993 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Significant Price Increases in Petroleum Products Since the Valdez Oilspill written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Regulation and Conservation and published by . This book was released on 1989 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fuel Price Increases written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power and published by . This book was released on 1990 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Major Effects of Decontrol of Domestic Oil Prices written by United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Energy and Power and published by . This book was released on 1975 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Price Increases in Petroleum Products written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Petroleum Study gasoline and Oil Price Increases Hearings July 1 6 7 8 9 13 14 15 16 and 23 1953 written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1953 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dynamic Fuel Price Pass Through written by Mr.Kangni R Kpodar and published by International Monetary Fund. This book was released on 2017-01-18 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on monthly retail fuel prices for 162 countries. The impulse response functions suggest that on average, a one cent increase in crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after the shock. However, the estimates vary significantly across country groups, ranging from about 0.5 cent in MENA countries to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than negative price shocks on the retail gasoline price. Finally, the paper underscores the importance of the new dataset in refining estimates of the fiscal cost of incomplete pass-through.

Download or read book Price Elasticities of Demand for Motor Gasoline and Other Petroleum Products written by Terry H. Morlan and published by . This book was released on 1981 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research results for short-term and long-term petroleum elasticities are summarized, and existing Energy Information Administration (EIA) models of energy demand are used to develop estimates of price response for 1-, 3-, 5-, and 10-year intervals. In the short-run, elasticities reported for most petroleum products in most end-uses generally range from -.1 to -.4 although the numerous research estimates for gasoline demand elasticity are clustered in the more elastic range of -.1 to -.3. EIA models used in this analysis fall within these ranges and tend toward the higher (in absolute terms) end of the elasticity range. In transportation uses, for which most of the research has centered on gasoline, petroleum demand has been shown to be less responsive to price than the other sectors, with long-term gasoline estimates generally falling in the range of -.3 to -.9. In investigating the price sensitivity for periods up to 10 years using the EIA Demand Analysis System, petroleum product elasticities in all sectors are typically between -.4 and -.1. For automobile gasoline demand, the greatest proportion of the 10-year price response is manifested in increased cutbacks in travel. The model studies show that, given continued increases in the price of oil, the proportion of consumer budgets as well as industrial production costs allocated for petroleum products will increase; that petroleum prices will be volatile in instances of temporary oil shortages; and that market forces can achieve long-term conservation of petroleum, but at the cost of greater proportional increases in oil prices.

Download or read book Cost of Living Council Federal Energy Office Procedures Concerning Petroleum Price Increases written by United States. Congress. House. Committee on Government Operations. Legal and Monetary Affairs Subcommittee and published by . This book was released on 1974 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report of Committee on Cost and Price Adjustment to Petroleum Industry War Council written by Petroleum Industry War Council (U.S.). Committee on Cost and Price Adjustment and published by . This book was released on 1943 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Price Fluctuations in Oil Markets written by United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power and published by . This book was released on 2000 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report on Crude Oil and Gasoline Price Increases of November 1970 written by Martin Lobel and published by . This book was released on 1971 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared for the use of the Joint Economic Committee, Congress of the United States.