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Dynamic Fuel Price Pass-Through : Evidence from a New Global Retail Fuel Price Database

Kpodar, Kangni - 2017

This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on … crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after … to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than …

Persistent link: https://www.econbiz.de/10012962161

Fuel Price Subsidies in Gabon : Fiscal Cost and Distributional Impact

Leigh, Daniel - 2006

This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel … protecting the real incomes of lower-income households from the effects of energy price increases …

Persistent link: https://www.econbiz.de/10012779095

The Distributional Effects of Government Spending Shocks in Developing Economies

Furceri, Davide - 2018

We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality....

Persistent link: https://www.econbiz.de/10012922628

The Macroeconomic (and Distributional) Effects of Public Investment in Developing Economies

Furceri, Davide - 2017

This paper provides new empirical evidence of the macroeconomic effects of public investment in developing economies. Using public investment forecast errors to identify unanticipated changes in public investment, the paper finds that increased public investment raises output in the short and...

Persistent link: https://www.econbiz.de/10012943953

Energy, Efficiency Gains and Economic Development : When Will Global Energy Demand Saturate?

Bogmans, Christian; Kiyasseh, Lama; Matsumoto, Akito; … - 2021

Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....

Persistent link: https://www.econbiz.de/10013252030

Implementing the United States' Domestic and International Climate Mitigation Goals : A Supportive Fiscal Policy Approach

Parry, Ian W. H. - 2021

carbon price floor among large emitters (with flexibility to implement equivalent measures) could effectively scale up global …

Persistent link: https://www.econbiz.de/10013238141

Still Not Getting Energy Prices Right : A Global and Country Update of Fossil Fuel Subsidies

Vernon, Nate; Parry, Ian W. H.; Black, Simon - 2022

This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated...

Persistent link: https://www.econbiz.de/10013306748

Fiscal Policies for Achieving Finland's Emission Neutrality Target

Parry, Ian W. H.; Wingender, Philippe - 2022

Finland has pledged to cut net greenhouse gas emissions to zero by 2035 and has sectoral targets for deploying electric vehicles, phasing out coal generation, and oil-based space heating. Fiscal policies at the national and sectoral level could play a critical role in achieving these objectives....

Persistent link: https://www.econbiz.de/10013306788

The Price of Capital Goods : A Driver of Investment Under Threat

Lian, Weicheng - 2019

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in … relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place … during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by …

Persistent link: https://www.econbiz.de/10012866217

Identifying Domestic and Imported Core Inflation

Bjørnland, Hilde - 2021

. The differences are well explained by the other shocks identified in the model, in particular the oil price shocks of the …

Persistent link: https://www.econbiz.de/10013317981