The purpose of the present paper is to test for asymmetry in the Greek retail gasoline price adjustments to crude oil price changes for the period January 2005-July 2012.The empirical analysis provides evidence that the adjustment of gasoline prices to oil price changes is asymmetric, in...

The present paper investigates whether Greek gasoline prices respond symmetrically to changes in international oil prices. The study uses all available observations and applies the TAR (Threshold Auto-Regressive) methodology, which is considered to be the most reliable econometric technique...