Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation
Download The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation full books in PDF, epub, and Kindle. Read online The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
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.
Book Synopsis Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali by : Kangni Kpodar
Download or read book Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali written by Kangni Kpodar and published by International Monetary Fund. This book was released on 2006-03 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using an input-output approach, this paper assesses the distributional effects of a rise in various petroleum product prices in Mali. The results show that, although rising gasoline and diesel prices affect mainly nonpoor households, rising kerosene prices are most harmful to the poor. Overall, the impact of fuel prices on household budgets displays a U-shaped relationship with expenditure per capita. Regardless of the oil product considered, highincome households would benefit disproportionately from oil price subsidies. This suggests that a petroleum price subsidy is an ineffective mechanism for protecting the income of poor households compared with a targeted subsidy.
Book Synopsis A New Tool for Distributional Incidence Analysis by : Ms.Stefania Fabrizio
Download or read book A New Tool for Distributional Incidence Analysis written by Ms.Stefania Fabrizio and published by International Monetary Fund. This book was released on 2016-10-27 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased focus on income inequality and distributional issues has made incidence analysis a crucial input into policy decisions. This note presents the theoretical framework used to conduct incidence analysis of fuel price subsidy reform and presents a user-friendly tool for its application. This new tool requires limited inputs and has the advantage of using the commonly available software program Excel. The note presents an illustration based on the case of Brazil, using the 2005 household survey and input-output table. The results reinforce the typical finding that fuel subsidies benefit well-off households and that their removal would be progressive.
Book Synopsis Automatic Fuel Pricing Mechanisms with Price Smoothing: Design, Implementation, and Fiscal Implications by : David Coady
Download or read book Automatic Fuel Pricing Mechanisms with Price Smoothing: Design, Implementation, and Fiscal Implications written by 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.
Book Synopsis Dynamic Fuel Price Pass-Through by : Mr.Kangni R Kpodar
Download or read book Dynamic Fuel Price Pass-Through written by Mr.Kangni R Kpodar and published by International Monetary Fund. This book was released on 2016-12-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications by : Baoping Shang
Download or read book The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications written by Baoping Shang and published by International Monetary Fund. This book was released on 2021-06-25 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
Book Synopsis Effects of Gasoline Prices on Driving Behavior and Vehicle Markets by : David Austin
Download or read book Effects of Gasoline Prices on Driving Behavior and Vehicle Markets written by David Austin and published by Government Printing Office. This book was released on 2008 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gasoline prices and driving behavior. Volume of traffic ; Speed of traffic ; Applicability of findings to other regions of the United States -- Gasoline prices and vehicle markets. Market shares for cars and light trucks ; Gasoline prices and vehicle market status ; Changes in new vehicle fuel economy and pricing ; Changes in the used vehicle market -- Study data -- Analytical approach and economic results.
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.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :48 pages Book Rating :4.4/5 (2 download)
Book Synopsis Greece by : International Monetary Fund. European Dept.
Download or read book Greece written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-01-24 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greece: Selected Issues
Book Synopsis How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices? by : Mr.Chadi Abdallah
Download or read book How Large and Persistent is the Response of Inflation to Changes in Retail Energy Prices? written by Mr.Chadi Abdallah and published by International Monetary Fund. This book was released on 2020-06-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the dynamic effects of changes in retail energy prices on inflation using a novel monthly database, covering 110 countries over 2000:M1 to 2016:M6. We find that (i) inflation responds positively to retail energy price shocks, with effects being, on average, modest and transitory. However, our results suggest significant heterogeneity in the response of inflation to these shocks owing to differences in factors related to labor market flexibility, energy intensity, and monetary policy credibility. We also find compelling evidence of asymmetric effects—under sufficiently large shocks—in the case of high-income and low-income countries, with increases in retail fuel prices inducing larger effects on inflation than decreases in fuel prices.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 : Total Pages :96 pages Book Rating :4.4/5 (2 download)
Book Synopsis Samoa by : International Monetary Fund. Asia and Pacific Dept
Download or read book Samoa written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2023-03-15 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a three-year recession triggered by the COVID-19 pandemic, the economy is recovering, boosted by the reopening of tourism. However, higher global commodity prices briefly raised inflation to double-digit rates. Disciplined fiscal policies, buoyant revenue and remittances, and donor support have contributed to fiscal and external stability. The banking system has remained resilient to the economic downturn, although there has been some deterioration in asset quality. Pressures on correspondent banking relationships continue. With the pandemic-driven decline in investment, as well as rising numbers of seasonal workers abroad, output is projected to remain well below pre-pandemic trends.
Book Synopsis Energy Subsidy Reform by : Mr.Benedict J. Clements
Download or read book Energy Subsidy Reform written by Mr.Benedict J. Clements and published by International Monetary Fund. This book was released on 2013-09-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.
Book Synopsis Who Pays the Bill? Distributional and Fiscal Consequences of Elevated Inflation in Thailand by : Piyaporn Chote
Download or read book Who Pays the Bill? Distributional and Fiscal Consequences of Elevated Inflation in Thailand written by Piyaporn Chote and published by International Monetary Fund. This book was released on 2024-02-02 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the distributional impacts of inflation in Thailand. For that aim, the paper uses rich micro-survey data on 46,000 Thai households to study the effect of the recent elevated inflation on poverty, its distributional effects on different income levels, and the fiscal cost to compensate households from real income losses. To study the multidimensional impact of inflation, the paper also studies how inflation differentially affects households through the consumption, income, and wealth channel. The analysis shows that under a baseline scenario, poverty in Thailand could increase by 1.3 percentage points—about 900,000 people—in the absence of government intervention. Targeted fiscal support to only compensate households that are below the national poverty line from rising inflation amount to 0.05 percent of GDP. However, fiscal support to compensate relatively rich households, defined as those above the median of the income distribution, amount to 1.4 percent of GDP. Moreover, due to high levels of debt, richer households benefit from inflation relative to poorer households. Finally, the paper also delves into policy responses undertaken by the Thai government and Asian and emerging economies to mitigate elevated inflation.
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.
Book Synopsis Gasoline price changes the dynamic of supply, demand, and competition. by :
Download or read book Gasoline price changes the dynamic of supply, demand, and competition. written by and published by DIANE Publishing. This book was released on 2005 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Subsidy Reform in the Middle East and North Africa by : Mr.Carlo A. Sdralevich
Download or read book Subsidy Reform in the Middle East and North Africa written by Mr.Carlo A. Sdralevich and published by International Monetary Fund. This book was released on 2014-07-09 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.
Book Synopsis Reducing Gasoline Consumption by : Terry Dinan
Download or read book Reducing Gasoline Consumption written by Terry Dinan and published by . This book was released on 2002-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares 3 methods of reducing gasoline (gas) consumption: increasing the corp. avg. fuel econ. (CAFE) standards that govern passenger vehicles, raising the Fed. tax on gas, & setting a limit on carbon emissions from gas combustion & requiring gas producers to hold allow. for those emissions. Weighs the merits of those policies against these criteria: whether they would minimize costs to producers & consumers; how reliably they would achieve a given reduction in gas use; their implications for auto safety & their effects on such factors as traffic congestion, require. for highway constr'n., & emissions of air pollutants other than carbon. Also examines the impact on people at diff't. income levels & in different regions, & the effects on Fed. revenue. Illus. Also includes a 24-page illus. report, The Economic Costs of Fuel Economy Standards Versus a Gasoline TaxÓ; & a 19-page report, Shifting the Cost burden of a Carbon Cap-&-Trade Program.Ó
