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pass-through of the price of crude oil or the price of motor gasoline to U.S. inflation. Neither approach accounts for the … fact that percent changes in refined product prices need not be proportionate to the percent change in the price of oil …, that not all energy is derived from oil, and that the correlation of price shocks across energy markets is far from one …
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This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax … rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual … bank account data at the transaction level, we properly disentangle anticipation effects from price effects, and estimate …
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We identify supply and demand shocks to the real price of natural gas in the Euro Area and the United States. Demand … and uncover key transmission channels through which gas price shocks affect the broader macroeconomy. Our findings show …
Persistent link: https://www.econbiz.de/10015408158
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips curves for 35 OECD economies from 1995 to 2020. As carbon pricing we consider prices of emissions trading systems (ETS) and carbon taxes. We find that an increase in prices of ETS...
Persistent link: https://www.econbiz.de/10013305654
We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in 10 countries between … prices within a store: temporary price discounts and differences across similar products. Price changes associated with …
Persistent link: https://www.econbiz.de/10015067165