Akcelik, Fatih; Ozmen, Mustafa Utku - Türkiye Cumhuriyet Merkez Bankası - 2014
In this paper, we revisit the unsettled discussion of whether retail fuel oil prices respond asymmetrically to oil price shocks. Using a novel micro approach that considers each price spell separately; we find evidence of pass-through asymmetry in the fuel oil market in Turkey. With our approach...