{"title":"绿色通胀还是绿色隔离?燃料消费税和石油价格传递的案例","authors":"JaeBin Ahn","doi":"10.1016/j.eneco.2025.108613","DOIUrl":null,"url":null,"abstract":"<div><div>This paper examines the role of fuel excise taxes in mitigating the impact of global oil price fluctuations on domestic inflation. Using a panel dataset of 28 OECD countries from 2014 to 2021, the study explores how varying levels of fuel excise taxes affect the pass-through of oil price changes to retail fuel prices and overall CPI inflation. A range of econometric models confirms the robust relationship between fuel tax rates and oil price pass-through, indicating that higher fuel excise taxes are associated with a lower pass-through of oil price fluctuations to retail fuel prices and CPI inflation. Quantitatively, differences in fuel tax rates can account for approximately 30% of the variation in annual CPI inflation between countries such as the U.S. and the U.K. during the 2021 inflation surge. These results suggest that fuel excise taxes can serve as a buffer against volatile oil price shocks, offering a potential role for stabilizing domestic inflation in the face of global energy price volatility.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"148 ","pages":"Article 108613"},"PeriodicalIF":13.6000,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Greenflation or greensulation? The case of fuel excise taxes and oil price pass-through\",\"authors\":\"JaeBin Ahn\",\"doi\":\"10.1016/j.eneco.2025.108613\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper examines the role of fuel excise taxes in mitigating the impact of global oil price fluctuations on domestic inflation. Using a panel dataset of 28 OECD countries from 2014 to 2021, the study explores how varying levels of fuel excise taxes affect the pass-through of oil price changes to retail fuel prices and overall CPI inflation. A range of econometric models confirms the robust relationship between fuel tax rates and oil price pass-through, indicating that higher fuel excise taxes are associated with a lower pass-through of oil price fluctuations to retail fuel prices and CPI inflation. Quantitatively, differences in fuel tax rates can account for approximately 30% of the variation in annual CPI inflation between countries such as the U.S. and the U.K. during the 2021 inflation surge. These results suggest that fuel excise taxes can serve as a buffer against volatile oil price shocks, offering a potential role for stabilizing domestic inflation in the face of global energy price volatility.</div></div>\",\"PeriodicalId\":11665,\"journal\":{\"name\":\"Energy Economics\",\"volume\":\"148 \",\"pages\":\"Article 108613\"},\"PeriodicalIF\":13.6000,\"publicationDate\":\"2025-06-06\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Energy Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0140988325004402\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0140988325004402","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
Greenflation or greensulation? The case of fuel excise taxes and oil price pass-through
This paper examines the role of fuel excise taxes in mitigating the impact of global oil price fluctuations on domestic inflation. Using a panel dataset of 28 OECD countries from 2014 to 2021, the study explores how varying levels of fuel excise taxes affect the pass-through of oil price changes to retail fuel prices and overall CPI inflation. A range of econometric models confirms the robust relationship between fuel tax rates and oil price pass-through, indicating that higher fuel excise taxes are associated with a lower pass-through of oil price fluctuations to retail fuel prices and CPI inflation. Quantitatively, differences in fuel tax rates can account for approximately 30% of the variation in annual CPI inflation between countries such as the U.S. and the U.K. during the 2021 inflation surge. These results suggest that fuel excise taxes can serve as a buffer against volatile oil price shocks, offering a potential role for stabilizing domestic inflation in the face of global energy price volatility.
期刊介绍:
Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.