Dynamic Fuel Price Pass-Through : Evidence from a New Global Retail Fuel Price Database /

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 in...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Kpodar, Kangni
Άλλοι συγγραφείς: Abdallah, Chadi
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2016.
Σειρά:IMF Working Papers; Working Paper ; No. 2016/254
Διαθέσιμο Online:Full text available on IMF
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245 1 0 |a Dynamic Fuel Price Pass-Through :   |b Evidence from a New Global Retail Fuel Price Database /  |c Kangni Kpodar, Chadi Abdallah. 
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300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Abdallah, Chadi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/254 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2016/254/001.2016.issue-254-en.xml  |z IMF e-Library