57e Séance du Séminaire PSL de Recherches en Économie de l’Energie
Marina DI GIACOMO, Università di Torino, « Should we resurrect ‘TIPP flottante’ if oil price booms again? Specific taxes as fuel consumer price stabilizers »
“As an answer to soaring oil prices, stabilization mechanisms based on specific taxes, such as the French ‘TIPP flottante’, have been discussed and introduced in some countries in early 2000s, but then soon abandoned. Our contribution aims at analyzing the excise pass-through and the cost shifting in a comprehensive European context to understand whether such a mechanism could actually reach its target. Our results show that, on average, fuel tax reductions are effective in stabilize consumer price, but the measure is particularly costly for public budgets.”.
Présentation adaptée et mise à jour à partir de “Should we resurrect ‘TIPP flottante’ if oil price booms again? Specific taxes as fuel consumer price stabilizers,” Energy Economics, 51, 2015, p. 544-552 (con M. Piacenza, F. Scervini e G. Turati).
Christian UROM, Paris School of Business, « Negative oil price shocks transmission: the comparative effects of the GFC, shale oil boom, and Covid-19 downturn on French gasoline prices ».
“This article analyzes the transmission mechanisms between oil prices and fuel prices in France over the period 2005−2020. The econometric procedure focuses on three singular years marked by significant negative oil prices shocks: 2008 (the global financial crisis), 2014 (the sharp drop in prices due to the boom of US shale oil), 2020 (Covid-19 economic downturn). To analyze the linkages between oil and fuel prices, we use the ARDL bounds testing approach of cointegration with weekly data between January 7, 2005 and October 30, 2020. We find that over the entire period, fuel distributors report increases in oil prices more than decreases. We find that this asymmetry is highest in 2008. Our paper provides some policy recommendations based on our findings”
Présentation basée sur: Negative oil price shocks transmission: the comparative effects of the GFC, shale oil boom, and Covid-19 downturn on French gasoline prices. In Research in International Business and Finance, 58, 101455, 2021 (with Thomas Pocher and Raphael Homayoun Boroumand)
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