The Distributional Implications of the Impact of Fuel Price Increases on Inflation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Distributional Implications of the Impact of Fuel Price Increases on Inflation write by Mr. Kangni R Kpodar. This book was released on 2021-11-12. The Distributional Implications of the Impact of Fuel Price Increases on Inflation available in PDF, EPUB and Kindle. 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.
Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali
Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali write by Kangni Kpodar. This book was released on 2006-03. Distributional Effects of Oil Price Changes on Household Expenditures: Evidence from Mali available in PDF, EPUB and Kindle. 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.
A New Tool for Distributional Incidence Analysis
A New Tool for Distributional Incidence Analysis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A New Tool for Distributional Incidence Analysis write by Ms.Stefania Fabrizio. This book was released on 2016-10-27. A New Tool for Distributional Incidence Analysis available in PDF, EPUB and Kindle. 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.
Distributional Effects of Oil Price Changes on Household Income
Distributional Effects of Oil Price Changes on Household Income - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Distributional Effects of Oil Price Changes on Household Income write by Kangni Kpodar. This book was released on 2010. Distributional Effects of Oil Price Changes on Household Income available in PDF, EPUB and Kindle.
The Signaling Effect of Gasoline Taxes and Its Distributional Implications
The Signaling Effect of Gasoline Taxes and Its Distributional Implications - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Signaling Effect of Gasoline Taxes and Its Distributional Implications write by Silvia Tiezzi. This book was released on 2017. The Signaling Effect of Gasoline Taxes and Its Distributional Implications available in PDF, EPUB and Kindle. This paper proposes and tests a better defined interpretation of the different responses of gasoline demand to tax changes and to market-related price changes. Namely, the signaling effect of gasoline taxes is one that impacts on long-run consumer decisions in addition to the incentives provided by tax-inclusive gasoline prices. Our hypothesis is tested using a complete demand system augmented with information on gasoline taxes and fitted to household-level data from the 2006 to 2013 rounds of the US Consumer Expenditure survey. Information on gasoline taxes is found to be a significant determinant of household demand additional to tax-inclusive gasoline prices. The equity implications are examined by contrasting the incidence across income distribution of a simulated $0.22/gallon tax increase to that of a market-related price increase equal in size. The tax increase is clearly regressive, slightly more than the market-related price increase. However, regressivity is by no means a reason to give up gasoline taxes as an instrument for reducing gasoline consumption externalities. Their high effectiveness in reducing gasoline demand implies that small tax increases can substantially improve the environment while minimizing the related distributional effects. Also, gasoline taxes generate revenue that can be used to offset their regressivity.
