Author: B. Bhaskara RaoPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 24
Book Description
Crude Oil and Gasoline Prices in Fiji
Author: B. Bhaskara RaoPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 24
Book Description
Fijian Studies
Author: The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R KpodarPublisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Book Description
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Taking Control of Oil
Author: Asian Development BankPublisher: Asian Development Bank
ISBN: 9292547437
Category : Business & Economics
Languages : en
Pages : 134
Book Description
This publication provides a comprehensive assessment of recent global oil price trends, the exposure of Pacific developing member countries to oil price increases and its implications for social and economic development in the region. It also offers a number of policy options for managing risks associated with heavy dependence on oil imports and proposes a path for diversifying the energy mix in Pacific developing member countries.
An Investment Equation for Fiji
Author: Raj SinghFurther Evidence on Asymmetric US Gasoline Price Responses
Author: B. Bhaskara RaoRepublic of Fiji
Author: International Monetary Fund. Asia and Pacific DeptPublisher: International Monetary Fund
ISBN: 1498363571
Category : Business & Economics
Languages : en
Pages : 65
Book Description
Fiji is enjoying a strong growth momentum due to accommodative policies, robust tourism and strong remittances, and an improvement in the terms of trade. The smooth and peaceful elections in September 2014 marked the return to democracy—leading to a normalization in relations with development partners, further boosting investor and consumer confidence. While addressing infrastructure gaps and further improving the business climate will be critical to ensure strong, sustainable and more inclusive growth, this must be balanced against the need to consolidate fiscal policy. Risks are tilted to the downside, related to external developments and prolonged accommodative policy settings.
Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update
Author: International Monetary Fund. Strategy, Policy, & Review DepartmentPublisher: International Monetary Fund
ISBN: 149833413X
Category : Business & Economics
Languages : en
Pages : 21
Book Description
This report updates the macroeconomic assessment of the impact of global food and fuel price increases provided in the IMF June 2008 Board paper: Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Response. Food and oil prices peaked in early summer—in particular, oil prices surged to levels envisaged under the most adverse scenario presented in the June paper. Against this background, the effects of higher prices on the balance of payments, budgets, and domestic prices intensified and a large group of low- and middle-income countries is experiencing a substantial weakening of their balance of payments and higher inflation. These findings reinforce the importance of adopting appropriate policies to maintain macroeconomic stability while protecting the poor.
Food and Fuel Prices - Recent Developments, Macroeconomic Impact, and Policy Responses
Author: International Monetary Fund. Research Dept.Publisher: International Monetary Fund
ISBN: 1498334474
Category : Business & Economics
Languages : en
Pages : 59
Book Description
This report provides a first broad assessment of the impact of the surge in food and fuel prices on the balance of payments, budgets, prices, and poverty of a large sample of countries. It reviews countries’ macroeconomic policy responses to date and also discusses Fund advice for managing the price increases. Policies should (i) ensure that food and finance reaches the most affected countries as quickly as possible, (ii) include targeted and scaled-up social measures, and (iii) avoid high costs in terms of macroeconomic instability or loss in future agricultural production. Collaborating with international partners, the Fund also stands ready to provide balance of payments assistance. As the paper presents an initial assessment of a still-evolving situation, the somewhat tentative nature of the analysis should be borne in mind.
Author: