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Rising Fuel Prices and the Appropriate Federal Response

United States. Congress
Rising Fuel Prices and the Appropriate Federal Response by United States. Congress PDF

Author : United States. Congress
Publisher : Createspace Independent Publishing Platform
Page : 298 pages
File Size : 15,7 MB
Release : 2018-01-05
Category :
ISBN : 9781983503597

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Rising fuel prices and the appropriate federal response : hearing before the Committee on Government Reform, House of Representatives, One Hundred Sixth Congress, second session, June 28, 2000.

Federal Response to Rising Natural Gas Prices

United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Federal Response to Rising Natural Gas Prices by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee PDF

Author : United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee
Publisher :
Page : 524 pages
File Size : 14,42 MB
Release : 1983
Category : Aged
ISBN :

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

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

Author : Mr. Kangni R Kpodar
Publisher : International Monetary Fund
Page : 34 pages
File Size : 15,98 MB
Release : 2021-11-12
Category : Business & Economics
ISBN : 1616356154

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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.

Appropriate Response to Rising Fuel Prices

Todd Litman
Appropriate Response to Rising Fuel Prices by Todd Litman PDF

Author : Todd Litman
Publisher :
Page : 30 pages
File Size : 36,39 MB
Release : 2005
Category : Fuel
ISBN :

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This paper evaluates public policy options for responding to rising fuel prices. There is popular support for policies to minimize retail prices by reducing fuel taxes or providing production subsidies. But price-minimization policies are likely to harm consumers and the economy overall by encouraging transportation system inefficiency. Fuel price reductions are an inappropriate way to provide affordable mobility to low-income households ...