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 Automatic Fuel Pricing Mechanisms with Price Smoothing written by Mr.David Coady and published by International Monetary Fund. This book was released on 2013-02-05 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.

Download or read book The National Energy Plan written by and published by . This book was released on 1979 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Petroleum Product Price Regulations written by Scott Harvey and published by . This book was released on 1981 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Download or read book Anatomy of the Crude Oil Pricing System written by Bassam Fattouh and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 1946 Extension of the Emergency Price Control and Stabilization Acts of 1942 as Amended written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1946 with total page 1076 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 1946 Extension of the Emergency Price Control and Stabilization Acts of 1942 as Amended written by United States. Congress. House. Committee on Banking and Currency and published by . This book was released on 1946 with total page 1962 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 1946 Extension of the Emergency Price Control and Stabilization Acts of 1942 as Amend Hearings Before 79 2 on S 2028 1946 written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1946 with total page 1084 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 1946 Extension of the Emergency Price Control and Stabilization Acts of 1942 as Amended written by United States. Congress. Senate. Banking and Currency Committee and published by . This book was released on 1946 with total page 2262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Prize written by Daniel Yergin and published by Simon and Schuster. This book was released on 2012-09-11 with total page 1094 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Prize recounts the panoramic history of oil -- and the struggle for wealth power that has always surrounded oil. This struggle has shaken the world economy, dictated the outcome of wars, and transformed the destiny of men and nations. The Prize is as much a history of the twentieth century as of the oil industry itself. The canvas of this history is enormous -- from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait and Operation Desert Storm. The cast extends from wildcatters and rogues to oil tycoons, and from Winston Churchill and Ibn Saud to George Bush and Saddam Hussein. The definitive work on the subject of oil and a major contribution to understanding our century, The Prize is a book of extraordinary breadth, riveting excitement -- and great importance.

Download or read book Taxation of Petroleum Products written by Mrs.Poonam Gupta and published by International Monetary Fund. This book was released on 1994-03-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.

Download or read book Oil 101 written by Morgan Downey and published by WOODEN TABLE PressLLC. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since 1859, oil has enabled and defined our economic, social and political landscape. Throughout this time, abundant supply ensured low, stable prices and the inner workings of the oil industry remained relatively obscure. Following a century and a half of relative calm, oil prices have become much more volatile as the sustainability and growth of reliable supply sources have been brought into question. This book provides a guide to oil; from its history, to sources of supply and drivers of demand; from how prices are determined daily in global wholesale oil markets, to how those markets are connected to prices at the pump." -- Book jacket.

Download or read book Study on Federal regulation written by United States. Congress. Senate. Committee on Government Operations and published by . This book was released on 1977 with total page 1102 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Ceiling Price Regulation written by United States. Office of Price Stabilization and published by . This book was released on 1951 with total page 1588 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Study on Federal Regulation Prepared Pursuant to S Res 71 to Authorize a Study of the Purpose and Current Effectiveness of Certain Federal Agencies written by United States. Congress. Senate. Committee on Government Operations and published by . This book was released on 1977 with total page 1596 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book General Desk Book written by United States. Office of Price Administration and published by . This book was released on 1944 with total page 2268 pages. Available in PDF, EPUB and Kindle. Book excerpt: