Author: Harry Harrison Hill
Publisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 476

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Author: United States. Congress. Senate. Special Committee to Investigate the Fuel Situation in the Middle West
Publisher:
ISBN:
Category :
Languages : en
Pages : 1354

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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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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 : Engines
Languages : en
Pages : 700

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Author:
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 2152

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 386

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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1182

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Author: Meg Jacobs
Publisher: Macmillan
ISBN: 0809058472
Category : Business & Economics
Languages : en
Pages : 385

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"A detailed historical narrative of the U.S. energy crisis in the 1970s and how policymakers responded to the turmoil"--

Author: American Institute of Mining, Metallurgical, and Petroleum Engineers
Publisher:
ISBN:
Category : Mineral industries
Languages : en
Pages : 936

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Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 1366

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