The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … explained by a large increase in gasoline prices. However, on average, gasoline price shocks account for only 39% of the … support for the conventional wisdom. Using a new structural vector regression model, however, we demonstrate that gasoline …

substantial price differences between gas from different export countries, and do prices move together? Time series of Norwegian …, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. Cointegration tests show that the different border … prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …

about cointegration relationships, price adjustments and relative values. We propose the use of regime-switching models to …, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …

shocks have large and persistent price effects, while output effects tend to be moderate. The 2022 natural gas price spike … winter. Counterfactual simulations of an embargo on natural gas imports from Russia indicate similar positive price and …

An individual’s initial experiences with a common good, such as gasoline, can shape their behavior for decades. We … incomes and those in cities. Combining data on many cohorts, we then show that large increases in gasoline prices between the …

Price Fixing Act on gasoline and diesel price levels. Using the synthetic control method, we construct a counterfactual and … Price Fixing Act came into effect, gasoline prices are 23.4% lower than the synthetic control predicts. The effect on diesel … price regulations. Consumers demand stricter fuel price regulations to provide transparency about the current price level …

transfer scheme called "gas price brake." A unique feature of this energy price relief measure is that both households and the … industry receive a transfer that increases in one's actual gas price. In a formal model, we show that such a transfer scheme … overcome this adverse effect of the gas price brake. An equivalent critique applies to the electricity price brake that is to …

became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the … opening up of the Interconnector (1998) the UK gas market had neither government price regulation nor a physical Continental … oil and electricity, took place. Using monthly price data, we find a highly integrated market where wholesale demand seems …