Ghoddusi, Hamed; Morovati, Mohammad; Rafizadeh, Nima - 2019
In an open economy, the foreign exchange rate (FER) influences incentives for the cross-border shopping of gasoline as … regional-level data of gasoline consumption in Iran, we estimate the impact of exchange rate shocks (both in level and … volatility) on gasoline demand. We find that positive exchange rate shocks have a negative impact on total gasoline consumption …