The Distributional Implications of the Impact of Fuel Price Increases on Inflation PDF Download
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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: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Get Book Here
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: Michael A.P. Taylor
Publisher: Routledge
ISBN: 1351876856
Category : Technology & Engineering
Languages : en
Pages : 404
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Book Description
Road traffic and its impacts affect all aspects of modern life, leisure and industry, with safety, congestion and pollution being of greatest public concern. Transport planning increasingly emphasises travel demand management (TDM) and traffic calming - aided by dynamic, lower cost data from Intelligent Transport Systems (ITS) - to enable real time monitoring, control and traveller information. This second edition of a highly successful work has been fully updated since its first publication in 1996 to reflect developments in technology available to the traffic analyst and in the social, ecological and economic environment. New sections are included on shockwaves, data capture without surveys, traffic incidents, delay estimation, off-line use of on-line data, environmental sensitivity, and controlled crash tests. The authors introduce and demonstrate techniques with which the analyst, engineer or planner can examine traffic problems. The underlying theme is that proper understanding of traffic systems performance and traffic problems can only come from the intelligent processing, refinement, appraisal and evaluation of traffic data. Arranged in five parts, the book offers an integrated approach to tackling road traffic problems: ¢ How to gain information and understanding about traffic ¢ The theories of traffic flow ¢ The principles of good survey planning and management ¢ Specific types of traffic studies ¢ Analytical techniques for transforming raw data into useful information. Understanding Traffic Systems provides cogent insights into the techniques of traffic data collection and analysis, the application of traffic theory and the role of data in analysis and decision making. Its breadth and use of examples from several countries make it a useful reference text for students and researchers, as well as an essential tool for practising traffic engineers and planners.
Author:
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ISBN:
Category : Power resources
Languages : en
Pages : 712
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Book Description
Author:
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Category : Public administration
Languages : en
Pages : 1228
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Author:
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ISBN:
Category : Power resources
Languages : en
Pages : 538
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Author:
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ISBN:
Category : Aeronautics
Languages : en
Pages : 534
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Book Description
Vols. 30-54 (1932-46) issued in 2 separately paged sections: General editorial section and a Transactions section. Beginning in 1947, the Transactions section is continued as SAE quarterly transactions.
Author:
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Category :
Languages : en
Pages : 556
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Author: Richard P. O'Neill
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 116
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Author: University of Michigan. Research Institute
Publisher:
ISBN:
Category : Engineering
Languages : en
Pages : 802
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Author: United States. Superintendent of Documents
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 1228
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Book Description
February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index
