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  1. Price effects of the Austrian fuel price fixing act
    a synthetic control study
    Autor*in: Becker, Maike; Pfeifer, Gregor; Schweikert, Karsten
    Erschienen: January 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Fuel prices are commonly perceived to be excessively high, which regularly triggers political discussions about fuel price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level and to... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    Fuel prices are commonly perceived to be excessively high, which regularly triggers political discussions about fuel price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level and to protect them from sudden price fluctuations. Such regulations are already in place in several countries, but whether they indeed help lower the overall fuel price level is unclear. In this paper, we study the effect of Austria's Fuel Price Fixing Act on gasoline and diesel price levels. Using the synthetic control method, we construct a counterfactual and estimate Austria's price trends in absence of the intervention. Our empirical results suggest, that immediately after the Fuel Price Fixing Act came into effect, gasoline prices are 23.4% lower than the synthetic control predicts. The effect on diesel prices appears to be less pronounced and amounts to 6.6% lower prices. Austria’s fuel price regulation seems to have been effective in terms of gasoline prices but may need further refinements to effectively tackle diesel prices as well.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/232416
    Schriftenreihe: CESifo working paper ; no. 8819 (2021)
    Schlagworte: causal effects; diesel; gasoline; price regulation; retail fuel prices
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. Estimating pass-through rates for the 2022 tax reduction on fuel prices in Germany
    Autor*in: Dovern, Jonas; Frank, Johannes; Glas, Alexander; Müller, Lena; Perico, Daniel
    Erschienen: September 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We analyze the effectiveness of the German tax reduction on fuel prices ('Tankrabatt') that was introduced for three months, starting on 1 June 2022. Using the synthetic control method to compare actual prices of gasoline and diesel to those in a... mehr

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    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    We analyze the effectiveness of the German tax reduction on fuel prices ('Tankrabatt') that was introduced for three months, starting on 1 June 2022. Using the synthetic control method to compare actual prices of gasoline and diesel to those in a counterfactual situation without the tax reduction, we find that the tax reduction has been completely passed on to consumers for most of the three months. In early June, it took approximately two weeks for the full pass-through to take effect. Moreover, pass-through rates started to decline in August while the tax reduction was still in place. We observe an upward price jump smaller than the size of the expiring tax reduction at the start of September. Our results are robust to different approaches of constructing the synthetic control group.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/265998
    Schriftenreihe: CESifo working paper ; no. 9963 (2022)
    Schlagworte: fuel; gasoline; diesel; taxes; synthetic control group
    Umfang: 1 Online-Ressource (circa Seiten), Illustrationen
  3. A broader perspective on the inflationary effects of energy price shocks
    Autor*in: Kilian, Lutz; Zhou, Xiaoqing
    Erschienen: [2022]
    Verlag:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 108
    Fernleihe:
    keine Fernleihe

     

    Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is embodied in the prices of goods and services that consumers buy, say when purchasing an airline ticket or when buying online garden furniture made from plastic to be delivered by mail. Previous research has focused on quantifying the 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. This paper develops a vector autoregressive model that quantifies the joint impact of shocks to several energy prices on headline and core CPI inflation. Our analysis confirms that focusing on gasoline price shocks alone will underestimate the inflationary pressures emanating from the energy sector, but not enough to overturn the conclusion that much of the observed increase in headline inflation in 2021 and 2022 reflected non-energy price shocks.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268890
    Schriftenreihe: CFS working paper series ; no. 686
    Schlagworte: Headline; core; oil; gasoline; diesel; jet fuel; natural gas; coal; electricity
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  4. A broader perspective on the inflationary effects of energy price shocks
    Autor*in: Kilian, Lutz; Zhou, Xiaoqing
    Erschienen: December
    Verlag:  Federal Reserve Bank of Dallas, Research Department, Dallas

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 686
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Working paper / Federal Reserve Bank of Dallas, Research Department ; 2224
    Schlagworte: Headline; core; goods; services; oil; gasoline; diesel; jet fuel; natural gas; coal; electricity
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen