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This paper sheds new light on the asymmetric dynamics in upstream U.S. gasoline prices. The model is based on Pindyck's inventory model of commodity price dynamics. We show that asymmetry in gasoline price dynamics is caused by changes in the net marginal convenience yield: higher costs of...
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This paper examines the long-run and short-run determinants of unleaded petrol price in Australia’s capital cities …
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This study addresses a very significant policy issue not previously examined at a disaggregated level for Australia by … time series analysis of the day of the week effect in retail prices of unleaded petrol in 114 locations across Australia … location-specific results can increase our understanding of Australia’s retail petrol market and can be beneficial to motorists …
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We study asymmetric inflation effects of both conventional and unconventional monetary policy in the euro area during the period of low nominal interest rates. We find that rate cuts are inflationary also during low interest rates. Positive quantitative easing surprises have a deflationary...
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Using input-output models, we analyze the effect of removing subsidized oil products in Morocco. We set three scenarios of increasing oil products by 25%, 50% and 75%, and symmetric decreases by the same amounts. We show that the effects are high in intensive oil products sectors such as...
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