Anderl, Christina; Caporale, Guglielmo Maria - 2025
This paper uses data on 5-year gasoline price expectations from the US Michigan Survey of Consumers to investigate … their role as a transmission channel for gasoline price shocks. Specifically, a Structural VAR model is estimated to carry … out counterfactual analysis which shows that gasoline price expectations act as a transmitter of gasoline price shocks to …