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Author:
Publisher:
ISBN:
Category : Petroleum as fuel
Languages : en
Pages : 810
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Author:
Publisher:
ISBN:
Category : Petroleum as fuel
Languages : en
Pages : 810
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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1034
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Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 1260
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1714
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Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
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.
Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 936
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Author: United States. Bureau of Mines
Publisher:
ISBN:
Category :
Languages : en
Pages : 392
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Author: Irving Cowan Allen
Publisher:
ISBN:
Category :
Languages : en
Pages : 862
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Author: United States. Bureau of Mines
Publisher:
ISBN:
Category :
Languages : en
Pages : 602
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Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on the Impact of Imports and Exports on American Employment
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 242
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