The Impact Of Oil Import Price Shocks On Domestic Prices
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The Impact Of Oil Import Price Shocks On Domestic Prices
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Author : Robert A. Feldman
language : en
Publisher: Routledge
Release Date : 2019-09-06
The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert A. Feldman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-06 with Political Science categories.
First published in 1982. The sharp increase in the price of imported oil in the early 1970s generated much interest in the economic impact of large oil price hikes and related energy price increases. The main focus is on oil, and Dr. Feldman’s monograph is a needed contribution, revealing the quantitative price impacts of recent oil price shocks in great detail.
The Impact Of Oil Import Price Shocks On Domestic Prices
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Author : Robert Alan Feldman
language : en
Publisher:
Release Date : 1982
The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert Alan Feldman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Petroleum products categories.
The Impact Of Oil Import Price Shocks
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Author : Robert A. Feldman
language : en
Publisher:
Release Date : 1979
The Impact Of Oil Import Price Shocks written by Robert A. Feldman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Petroleum products categories.
The Impact Of Oil Import Price Shocks On Domestic Prices
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Author : Robert Alan Feldman
language : en
Publisher:
Release Date : 1979
The Impact Of Oil Import Price Shocks On Domestic Prices written by Robert Alan Feldman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with categories.
Oil Prices And Inflation Dynamics Evidence From Advanced And Developing Economies
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Author : Sangyup Choi
language : en
Publisher: International Monetary Fund
Release Date : 2017-09-05
Oil Prices And Inflation Dynamics Evidence From Advanced And Developing Economies written by Sangyup Choi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-05 with Business & Economics categories.
We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and being similar between advanced and developing economies. We also find that the effect is asymmetric, with positive oil price shocks having a larger effect than negative ones. The impact of oil price shocks, however, has declined over time due in large part to a better conduct of monetary policy. We further examine the transmission channels of oil price shocks on domestic inflation during the recent decades, by making use of a monthly dataset from 2000 to 2015. The results suggest that the share of transport in the CPI basket and energy subsidies are the most robust factors in explaining cross-country variations in the effects of oil price shocks during the this period.
Oil Price Shocks Market Response And Contingency Planning
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Author : George Horwich
language : en
Publisher: American Enterprise Institute
Release Date : 1984
Oil Price Shocks Market Response And Contingency Planning written by George Horwich and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
The Third Oil Shock Routledge Revivals
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Author : Joan Pearce
language : en
Publisher: Routledge
Release Date : 2018-10-24
The Third Oil Shock Routledge Revivals written by Joan Pearce and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-24 with Business & Economics categories.
First published in 1983, this book a number of collects the essays about the effects of a sustained period of low oil prices. The opening chapter describes how oil prices have impinged on other elements of the economy and assesses the costs and benefits, in the short and long term, of low prices. The following three chapters deal with different groups of countries and indicate clearly that for none of them do lower oil prices have unequivocally positive or negative effects — a situation examined in the chapter on the international financial system. The last three chapters analyse the shifts lower prices are likely to produce in relations among the groups closely involved in the oil market.
Macroeconomic Impacts Of Energy Shocks
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Author : H.G. Huntington
language : en
Publisher: Elsevier
Release Date : 2016-10-19
Macroeconomic Impacts Of Energy Shocks written by H.G. Huntington and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-19 with Business & Economics categories.
Large-scale macroeconomic models have been used extensively to analyze a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could be used to examine the impacts of energy price shocks.This study compares the responses of 14 prominent macroeconomic models to supply-side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50 and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices. Five policy responses were considered for offsetting the GNP impacts of the larger oil price increase: monetary accommodation, an income tax rate reduction, an increase in the investment tax credit for equipment, a reduction in the employer's payroll tax rate, and an oil stockpile release.The study was conducted by a working group comprised of about 40 modelers and potential model users from universities, business, and government. As in previous EMF studies, the group pursued two broad goals. Firstly, they sought to understand the models themselves by identifying important similarities as well as structural differences. Secondly, they sought to use the models to sharpen their understanding of energy shocks and of the related policy issues. Their conclusions appear as the first chapter in this volume, the remaining chapters providing more technical treatment of the key structural differences among the participating models as well as their use for evaluating energy policies.This volume is addressed particularly to those interested in the energy shock issue, as well as to those with a broader interest in macroeconomic models and policies.
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation
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Author : Mr. Kangni R Kpodar
language : en
Publisher: International Monetary Fund
Release Date : 2021-11-12
The Distributional Implications Of The Impact Of Fuel Price Increases On Inflation written by Mr. Kangni R Kpodar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-12 with Business & Economics categories.
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.
Global Impacts Of Oil Price Shocks
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Author : Saeed Moshiri
language : en
Publisher:
Release Date : 2022
Global Impacts Of Oil Price Shocks written by Saeed Moshiri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices are beneficial to oil-exporting countries, they are harmful to economic performance of oil-importing countries. The opposite is also true for the lower oil prices. Nonetheless, international trade may mitigate the direct impacts of oil price shocks on both groups of countries. While the literature on the direct impact of oil price shocks on either oil-exporting or oil-importing countries is rich, the studies on the indirect impacts are limited. In this paper, we set up an empirical model to estimate the direct and indirect effects of oil price shocks on 30 major net oil-exporting and net oil-importing countries that comprise more than 73 percent of the world's economy. We use bilateral trade matrix to construct the spillover variables and estimate the indirect impact of oil price chocks. To control for institutional variations across the countries, we divide each group of the oil-exporting and oil-importing countries into two developed and developing groups. The estimation results for the period 1980-2015 show that all oil-importing countries are adversely affected by rising oil prices, but trade has mitigated the effect in developed countries. The impact of positive oil price shocks on developing oil-exporting countries is positive, but the trade has reduced the effect. However, the effect of the shocks on developed oil-exporting countries is not significant.