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

IF 13.6 2区 经济学 Q1 ECONOMICS
JaeBin Ahn
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引用次数: 0

摘要

本文考察了燃料消费税在减轻全球油价波动对国内通货膨胀的影响方面的作用。该研究使用2014年至2021年28个经合组织国家的面板数据集,探讨了不同水平的燃料消费税如何影响油价变化对零售燃料价格和整体CPI通胀的传递。一系列计量经济模型证实了燃油税税率与石油价格传递之间的牢固关系,表明较高的燃料消费税与石油价格波动对零售燃料价格和CPI通胀的传导较低有关。从数量上讲,在2021年通胀激增期间,燃油税税率的差异可以解释美国和英国等国年度CPI通胀差异的约30%。这些结果表明,燃料消费税可以作为对波动的油价冲击的缓冲,在面对全球能源价格波动的情况下,为稳定国内通胀提供了潜在的作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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.
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来源期刊
Energy Economics
Energy Economics ECONOMICS-
CiteScore
18.60
自引率
12.50%
发文量
524
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.
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