04005oam 22009974 450 991016292590332120230808201438.01-4755-6777-41-4755-6784-7(CKB)3710000001045045(MiAaPQ)EBC4800275(IMF)WPIEA2016254(EXLCZ)99371000000104504520020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierDynamic Fuel Price Pass-Through : Evidence from a New Global Retail Fuel Price Database /Kangni Kpodar, Chadi AbdallahWashington, D.C. :International Monetary Fund,2016.1 online resource (33 pages) illustrations (some color), graphs, tablesIMF Working Papers1-4755-6322-1 Includes bibliographical references.This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on monthly retail fuel prices for 162 countries. The impulse response functions suggest that on average, a one cent increase in crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after the shock. However, the estimates vary significantly across country groups, ranging from about 0.5 cent in MENA countries to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than negative price shocks on the retail gasoline price. Finally, the paper underscores the importance of the new dataset in refining estimates of the fiscal cost of incomplete pass-through.IMF Working Papers; Working Paper ;No. 2016/254Petroleum productsPricesEconometric modelsInvestments: EnergyimfInflationimfMacroeconomicsimfPublic FinanceimfMining, Extraction, and Refining: Hydrocarbon FuelsimfEnergy: Government PolicyimfTaxation and Subsidies: ExternalitiesimfRedistributive EffectsimfEnvironmental Taxes and SubsidiesimfEnergy: Demand and SupplyimfPricesimfPrice LevelimfDeflationimfEnergy: GeneralimfEnergy industries & utilitiesimfInvestment & securitiesimfFuel pricesimfOil pricesimfEnergy subsidiesimfGasolineimfExpenditureimfCommoditiesimfExpenditures, PublicimfGas industryimfUnited StatesimfPetroleum productsPricesEconometric models.Investments: EnergyInflationMacroeconomicsPublic FinanceMining, Extraction, and Refining: Hydrocarbon FuelsEnergy: Government PolicyTaxation and Subsidies: ExternalitiesRedistributive EffectsEnvironmental Taxes and SubsidiesEnergy: Demand and SupplyPricesPrice LevelDeflationEnergy: GeneralEnergy industries & utilitiesInvestment & securitiesFuel pricesOil pricesEnergy subsidiesGasolineExpenditureCommoditiesExpenditures, PublicGas industry333.79Kpodar Kangni1193209Abdallah Chadi1321195DcWaIMFBOOK9910162925903321Dynamic Fuel Price Pass-Through3649674UNINA