The Distributional Implications of the Impact of Fuel Price Increases on Inflation

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar

Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Fuel Price Increases

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Author :
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Fuel Price Increases by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power

Download or read book Fuel Price Increases written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power and published by . This book was released on 1990 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

$20 Per Gallon

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Author :
Publisher : Grand Central Publishing
ISBN 13 : 0446562025
Total Pages : 184 pages
Book Rating : 4.4/5 (465 download)

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Book Synopsis $20 Per Gallon by : Christopher Steiner

Download or read book $20 Per Gallon written by Christopher Steiner and published by Grand Central Publishing. This book was released on 2009-07-15 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: An extraordinarily insightful and thought-provoking look at how our society and culture are going to change, and change rapidly, as the price of gasoline, heating oil, and all other everyday consumer products that are derived from oil continue to escalate. Imagine an everyday world in which the price of gasoline (and oil) continues to go up, and up, and up. Think about the immediate impact that would have on our lives. Of course, everybody already knows how about gasoline has affected our driving habits. People can't wait to junk their gas-guzzling SUVs for a new Prius. But there are more, not-so-obvious changes on the horizon that Chris Steiner tracks brilliantly in this provocative work. Consider the following societal changes: people who own homes in far-off suburbs will soon realize that there's no longer any market for their houses (reason: nobody wants to live too far away because it's too expensive to commute to work). Telecommuting will begin to expand rapidly. Trains will become the mode of national transportation (as it used to be) as the price of flying becomes prohibitive. Families will begin to migrate southward as the price of heating northern homes in the winter is too pricey. Cheap everyday items that are comprised of plastic will go away because of the rising price to produce them (plastic is derived from oil). And this is just the beginning of a huge and overwhelming domino effect that our way of life will undergo in the years to come. Steiner, an engineer by training before turning to journalism, sees how this simple but constant rise in oil and gas prices will totally re-structure our lifestyle. But what may be surprising to readers is that all of these changes may not be negative - but actually will usher in some new and very promising aspects of our society. Steiner will probe how the liberation of technology and innovation, triggered by climbing gas prices, will change our lives. The book may start as an alarmist's exercise.... but don't be misled. The future will be exhilarating.

Implications of the Recent Diesel Fuel Price Increases for the Commercial Motor Carrier Industry

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Author :
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Implications of the Recent Diesel Fuel Price Increases for the Commercial Motor Carrier Industry by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation

Download or read book Implications of the Recent Diesel Fuel Price Increases for the Commercial Motor Carrier Industry written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and published by . This book was released on 1994 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of Fuel Price Increases on Airlines and Passengers

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Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis The Effect of Fuel Price Increases on Airlines and Passengers by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation

Download or read book The Effect of Fuel Price Increases on Airlines and Passengers written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation and published by . This book was released on 2001 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Automatic Fuel Pricing Mechanisms with Price Smoothing

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475571194
Total Pages : 23 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Automatic Fuel Pricing Mechanisms with Price Smoothing by : Mr.David Coady

Download or read book Automatic Fuel Pricing Mechanisms with Price Smoothing written by Mr.David Coady and published by International Monetary Fund. This book was released on 2013-02-05 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.

Social Unrests and Fuel Prices: The Role of Macroeconomic, Social and Institutional Factors

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Social Unrests and Fuel Prices: The Role of Macroeconomic, Social and Institutional Factors by : Alassane Drabo

Download or read book Social Unrests and Fuel Prices: The Role of Macroeconomic, Social and Institutional Factors written by Alassane Drabo and published by International Monetary Fund. This book was released on 2023-10-27 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of fuel price increases on social unrests in addition to the macroeconomic, social and institutional factors driving this relationship. Using the IV fixed-effect estimator on a sample of 101 developing countries during 2001-2020, we find that changes in fuel prices are positively associated with the number of social unrests, mainly anti-government demonstrations. This impact is however amplified: (i) during economic downturns and periods of high exchange rate instability; (ii) when government spending is low, especially on health and education, thus suggesting that streamlining fuel subsides and diverting parts of the reform savings to the health and education sectors is an appropriate policy that could appease social tensions; (iii) in countries with high income inequality, low institutional quality and high level of corruption. The results are robust to a battery of tests, including the use of an instrumental variable approach to address reverse causality concerns given that social unrests could also prompt a freeze in fuel prices. We also find consistent results using either changes in diesel or gasoline prices. Overall, the findings of the paper provide support to the grievance and deprivation theory in explaining the association between fuel price increases and social unrests, but fail to find evidence for the resource theory and the theory of political opportunities.

Export Competitiveness - Fuel Price Nexus in Developing Countries: Real or False Concern?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484387775
Total Pages : 34 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Export Competitiveness - Fuel Price Nexus in Developing Countries: Real or False Concern? by : Mr.Kangni R Kpodar

Download or read book Export Competitiveness - Fuel Price Nexus in Developing Countries: Real or False Concern? written by Mr.Kangni R Kpodar and published by International Monetary Fund. This book was released on 2019-02-04 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing countries over the period 2000-2014. Using a fixed-effect estimator and the local projection approach, we find that an increase in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the impact phases out within two years after the shock. The results also suggest that the negative effect of fuel price increase on exports is mainly noticeable in countries with a high-energy dependency ratio and countries where access to an alternative source of energy, such as electricity, is constrained, thus preventing producers from altering energy consumption mix in response to fuel price changes.

Assessment of Summer 1997 Motor Gasoline Price Increase

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1428918922
Total Pages : 84 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis Assessment of Summer 1997 Motor Gasoline Price Increase by :

Download or read book Assessment of Summer 1997 Motor Gasoline Price Increase written by and published by DIANE Publishing. This book was released on with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Cost of Living Council - Federal Energy Office: Procedures Concerning Petroleum Price Increases

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Publisher :
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Cost of Living Council - Federal Energy Office: Procedures Concerning Petroleum Price Increases by : United States. Congress. House. Committee on Government Operations. Legal and Monetary Affairs Subcommittee

Download or read book Cost of Living Council - Federal Energy Office: Procedures Concerning Petroleum Price Increases written by United States. Congress. House. Committee on Government Operations. Legal and Monetary Affairs Subcommittee and published by . This book was released on 1974 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fuel Problems and Their Impact on the Air Transportation Industry

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Fuel Problems and Their Impact on the Air Transportation Industry by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation

Download or read book Fuel Problems and Their Impact on the Air Transportation Industry written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Aviation and published by . This book was released on 1975 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Energy Conservation in Transportation

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Author :
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Energy Conservation in Transportation by :

Download or read book Energy Conservation in Transportation written by and published by . This book was released on 1979 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Unequal Benefits of Fuel Subsidies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145520532X
Total Pages : 25 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis The Unequal Benefits of Fuel Subsidies by : Mr.David Coady

Download or read book The Unequal Benefits of Fuel Subsidies written by Mr.David Coady and published by International Monetary Fund. This book was released on 2010-09-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On average, the burden of subsidy reform is neutrally distributed across income groups; a $0.25 decrease in the per liter subsidy results in a 6 percent decrease in income for all groups. More than half of this impact arises from the indirect impact on prices of other goods and services consumed by households. Fuel subsidies are a costly approach to protecting the poor due to substantial benefit leakage to higher income groups. In absolute terms, the top income quintile captures six times more in subsidies than the bottom. Issues that need to be addressed when undertaking subsidy reform are also discussed, including the need for a new approach to fuel pricing in many countries.

Impact on the Consumer of the Administration's Energy Proposals

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Author :
Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Impact on the Consumer of the Administration's Energy Proposals by : United States. Congress. Senate. Committee on Commerce. Consumer Subcommittee

Download or read book Impact on the Consumer of the Administration's Energy Proposals written by United States. Congress. Senate. Committee on Commerce. Consumer Subcommittee and published by . This book was released on 1975 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Technologies and Approaches to Reducing the Fuel Consumption of Medium- and Heavy-Duty Vehicles

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Author :
Publisher : National Academies Press
ISBN 13 : 0309159474
Total Pages : 251 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Technologies and Approaches to Reducing the Fuel Consumption of Medium- and Heavy-Duty Vehicles by : National Research Council

Download or read book Technologies and Approaches to Reducing the Fuel Consumption of Medium- and Heavy-Duty Vehicles written by National Research Council and published by National Academies Press. This book was released on 2010-07-30 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technologies and Approaches to Reducing the Fuel Consumption of Medium- and Heavy-Duty Vehicles evaluates various technologies and methods that could improve the fuel economy of medium- and heavy-duty vehicles, such as tractor-trailers, transit buses, and work trucks. The book also recommends approaches that federal agencies could use to regulate these vehicles' fuel consumption. Currently there are no fuel consumption standards for such vehicles, which account for about 26 percent of the transportation fuel used in the U.S. The miles-per-gallon measure used to regulate the fuel economy of passenger cars. is not appropriate for medium- and heavy-duty vehicles, which are designed above all to carry loads efficiently. Instead, any regulation of medium- and heavy-duty vehicles should use a metric that reflects the efficiency with which a vehicle moves goods or passengers, such as gallons per ton-mile, a unit that reflects the amount of fuel a vehicle would use to carry a ton of goods one mile. This is called load-specific fuel consumption (LSFC). The book estimates the improvements that various technologies could achieve over the next decade in seven vehicle types. For example, using advanced diesel engines in tractor-trailers could lower their fuel consumption by up to 20 percent by 2020, and improved aerodynamics could yield an 11 percent reduction. Hybrid powertrains could lower the fuel consumption of vehicles that stop frequently, such as garbage trucks and transit buses, by as much 35 percent in the same time frame.

Finance and Hedging in the Commercial Airline Industry

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Author :
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1036411478
Total Pages : 729 pages
Book Rating : 4.0/5 (364 download)

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Book Synopsis Finance and Hedging in the Commercial Airline Industry by : Tony Webber

Download or read book Finance and Hedging in the Commercial Airline Industry written by Tony Webber and published by Cambridge Scholars Publishing. This book was released on 2024-09-13 with total page 729 pages. Available in PDF, EPUB and Kindle. Book excerpt: When there is political tension or war in the Middle East or in Eastern Europe, oil and jet fuel prices shoot upward. If an airline isn’t protected against these higher prices, they can devastate its finances and send it quickly into bankruptcy. This seemingly happens on a yearly basis. Thankfully for most airlines, they are able to protect themselves against higher oil and jet fuel prices, at least in the short term, by hedging using financial instruments. The challenge for airlines is to determine which financial instruments they should use, in which products they should hedge, and how far out from fuel consumption they should hedge. This book systematically explores the different financial instruments that airlines have to choose from, and in what situations they should be used. It will also present the reader with the options airlines have in terms of manipulating operational levers in response to higher fuel prices such as airfares, capacity and fleet size, once the protective benefits of hedging wear off.

Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles

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Author :
Publisher : National Academies Press
ISBN 13 : 0309373913
Total Pages : 812 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles by : National Research Council

Download or read book Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles written by National Research Council and published by National Academies Press. This book was released on 2015-09-28 with total page 812 pages. Available in PDF, EPUB and Kindle. Book excerpt: The light-duty vehicle fleet is expected to undergo substantial technological changes over the next several decades. New powertrain designs, alternative fuels, advanced materials and significant changes to the vehicle body are being driven by increasingly stringent fuel economy and greenhouse gas emission standards. By the end of the next decade, cars and light-duty trucks will be more fuel efficient, weigh less, emit less air pollutants, have more safety features, and will be more expensive to purchase relative to current vehicles. Though the gasoline-powered spark ignition engine will continue to be the dominant powertrain configuration even through 2030, such vehicles will be equipped with advanced technologies, materials, electronics and controls, and aerodynamics. And by 2030, the deployment of alternative methods to propel and fuel vehicles and alternative modes of transportation, including autonomous vehicles, will be well underway. What are these new technologies - how will they work, and will some technologies be more effective than others? Written to inform The United States Department of Transportation's National Highway Traffic Safety Administration (NHTSA) and Environmental Protection Agency (EPA) Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) emission standards, this new report from the National Research Council is a technical evaluation of costs, benefits, and implementation issues of fuel reduction technologies for next-generation light-duty vehicles. Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles estimates the cost, potential efficiency improvements, and barriers to commercial deployment of technologies that might be employed from 2020 to 2030. This report describes these promising technologies and makes recommendations for their inclusion on the list of technologies applicable for the 2017-2025 CAFE standards.