Do governments effectively stabilize fuel prices by reducing specific taxes? Evidence from Italy

Marina Di Giacomo, Massimiliano Piacenza, Gilberto Turati

Risultato della ricerca: Capitolo in libro/report/atti di convegnoContributo a conferenzapeer review

Abstract

After the sharp increase of oil prices experienced in recent years, in order to stabilize fuel prices, many countries experimented automatic fiscal mechanisms consisting of a one-to-one reduction in specific taxes matching the rise in input prices. This study investigates the impact of these mechanisms on wholesale gasoline and motor diesel prices. Our estimates highlight that fiscal sterilization brings about a rise in final wholesale prices that more than compensate reduction in taxes. Hence, these "flexible" taxation mechanisms could not be a proper policy for stabilizing price levels in fuel markets.

Lingua originaleInglese
Titolo della pubblicazione ospiteNew Perspectives in Statistical Modeling and Data Analysis - Proceedings of the 7th Conference of the Classification and Data Analysis Group of the Italian Statistical Society
Pagine93-100
Numero di pagine8
DOI
Stato di pubblicazionePubblicato - 2011
Evento7th Biannual Meeting of the Classification and Data Analysis Group, CLADAG 2009 - Catania, Italy
Durata: 9 set 200911 set 2009

Serie di pubblicazioni

NomeStudies in Classification, Data Analysis, and Knowledge Organization
ISSN (stampa)1431-8814

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???event.eventtypes.event.conference???7th Biannual Meeting of the Classification and Data Analysis Group, CLADAG 2009
Paese/TerritorioItaly
CittàCatania
Periodo9/09/0911/09/09

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