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

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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.

Automatic Fuel Pricing Mechanisms with Price Smoothing

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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.

International Dimensions of Monetary Policy

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Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis International Dimensions of Monetary Policy by : Jordi Galí

Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.

The Price of Oil

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Publisher : Cambridge University Press
ISBN 13 : 1107110017
Total Pages : 253 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Price of Oil by : Roberto F. Aguilera

Download or read book The Price of Oil written by Roberto F. Aguilera and published by Cambridge University Press. This book was released on 2016 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains why oil prices rose so spectacularly in the past and examines how they will be suppressed in the future.

Price Increases in Petroleum Products

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Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Price Increases in Petroleum Products by : United States. Congress. Senate. Committee on Banking and Currency

Download or read book Price Increases in Petroleum Products written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Implications of Lower Oil Prices

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Publisher : International Monetary Fund
ISBN 13 : 151357227X
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain

Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Crude Volatility

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Publisher : Columbia University Press
ISBN 13 : 0231543689
Total Pages : 336 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Crude Volatility by : Robert McNally

Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Taxation of Petroleum Products

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Publisher : International Monetary Fund
ISBN 13 : 1451979754
Total Pages : 58 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Taxation of Petroleum Products by : Mrs.Poonam Gupta

Download or read book Taxation of Petroleum Products written by Mrs.Poonam Gupta and published by International Monetary Fund. This book was released on 1994-03-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.

Significant Price Increases in Petroleum Products Since the Valdez Oilspill

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Author :
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Significant Price Increases in Petroleum Products Since the Valdez Oilspill by : United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Regulation and Conservation

Download or read book Significant Price Increases in Petroleum Products Since the Valdez Oilspill written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Regulation and Conservation and published by . This book was released on 1989 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

$20 Per Gallon

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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.

Price Increases in Petroleum Products, Hearings Before a Subcommittee of ..., 81-1 ..., June 29 and 30, 1949

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Author :
Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Price Increases in Petroleum Products, Hearings Before a Subcommittee of ..., 81-1 ..., June 29 and 30, 1949 by : United States. Congress. Senate. Committee on Banking and Currency

Download or read book Price Increases in Petroleum Products, Hearings Before a Subcommittee of ..., 81-1 ..., June 29 and 30, 1949 written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oil Prices and the Global Economy

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Publisher : International Monetary Fund
ISBN 13 : 1475572360
Total Pages : 30 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Oil Prices and the Global Economy by : Mr.Rabah Arezki

Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.

Petroleum Study (gasoline and Oil Price Increases)

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Author :
Publisher :
ISBN 13 :
Total Pages : 774 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis Petroleum Study (gasoline and Oil Price Increases) by : United States. Congress. House. Committee on Interstate and Foreign Commerce

Download or read book Petroleum Study (gasoline and Oil Price Increases) written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1954 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Frackers

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Publisher : Portfolio
ISBN 13 : 9780670923670
Total Pages : 404 pages
Book Rating : 4.9/5 (236 download)

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Book Synopsis The Frackers by : Gregory Zuckerman

Download or read book The Frackers written by Gregory Zuckerman and published by Portfolio. This book was released on 2013 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meet the Frackers. George Mitchell, the son of a Greek goatherder, who tried to extract gas from rock that experts deemed worthless. He faced an unexpected obstacle in his quest to change history. Aubrey McClendon, the charismatic descendant of an Oklahoma energy dynasty, who scored bil­lions leading a land grab. He wasn't prepared for the shocking fallout of his discoveries. Tom Ward, who overcame a troubled childhood to become one of the nation's wealthiest men. He could handle natural-gas fields but had more trouble with a Wall Street power broker. Harold Hamm, the son of poor farmer, who believed America had more oil than anyone imagined. Hamm was determined to find the crude before others caught on. Charif Souki, the dashing Lebanese immigrant who saw his career crumble and his fortune disintegrate, leaving one last, unlikely chance for success. Mark Papa, the Enron castoff who panicked when he realized a resurgence of American natural gas was at hand: one that his company wasn't prepared for. Praise for The Greatest Trade Ever 'Simply terrific. Easily the best of the post-crash financial books.' Malcolm Gladwell 'The definitive account of a strange and wonderful subplot of the financial crisis.' Michael Lewis 'Zuckerman is a first-rate reporter who is able to explain the complexities of finance in layman's terms. At times, The Greatest Trade Ever reads like a thriller.' The New York Times

Anatomy of the Crude Oil Pricing System

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Anatomy of the Crude Oil Pricing System by : Bassam Fattouh

Download or read book Anatomy of the Crude Oil Pricing System written by Bassam Fattouh and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Prize

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Author :
Publisher : Simon and Schuster
ISBN 13 : 1471104753
Total Pages : 1094 pages
Book Rating : 4.4/5 (711 download)

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Book Synopsis The Prize by : Daniel Yergin

Download or read book The Prize written by Daniel Yergin and published by Simon and Schuster. This book was released on 2012-09-11 with total page 1094 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Prize recounts the panoramic history of oil -- and the struggle for wealth power that has always surrounded oil. This struggle has shaken the world economy, dictated the outcome of wars, and transformed the destiny of men and nations. The Prize is as much a history of the twentieth century as of the oil industry itself. The canvas of this history is enormous -- from the drilling of the first well in Pennsylvania through two great world wars to the Iraqi invasion of Kuwait and Operation Desert Storm. The cast extends from wildcatters and rogues to oil tycoons, and from Winston Churchill and Ibn Saud to George Bush and Saddam Hussein. The definitive work on the subject of oil and a major contribution to understanding our century, The Prize is a book of extraordinary breadth, riveting excitement -- and great importance.

Petroleum Study (gasoline and Oil Price Increases) ... Hearings ... July 1, 6, 7, 8, 9, 13, 14, 15, 16, and 23, 1953

Download Petroleum Study (gasoline and Oil Price Increases) ... Hearings ... July 1, 6, 7, 8, 9, 13, 14, 15, 16, and 23, 1953 PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 796 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Petroleum Study (gasoline and Oil Price Increases) ... Hearings ... July 1, 6, 7, 8, 9, 13, 14, 15, 16, and 23, 1953 by : United States. Congress. House. Committee on Interstate and Foreign Commerce

Download or read book Petroleum Study (gasoline and Oil Price Increases) ... Hearings ... July 1, 6, 7, 8, 9, 13, 14, 15, 16, and 23, 1953 written by United States. Congress. House. Committee on Interstate and Foreign Commerce and published by . This book was released on 1953 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: