Dynamic Fuel Price Pass-Through PDF
By:Mr.Kangni R Kpodar,Mr.Chadi Abdallah
Published on 2017-01-18 by International Monetary Fund
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.
This Book was ranked at 17 by Google Books for keyword International Economics novel.
Book ID of Dynamic Fuel Price Pass-Through's Books is ydgaDgAAQBAJ, Book which was written byMr.Kangni R Kpodar,Mr.Chadi Abdallahhave ETAG "3wL1XXdBmZc"
Book which was published by International Monetary Fund since 2017-01-18 have ISBNs, ISBN 13 Code is 9781475567847 and ISBN 10 Code is 1475567847
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