ENERGY PRICE SHOCKS: THE CASE OF THE DIESEL MARKET IN THE BRAZILIAN ECONOMY.

  • Author
  • Alexandre Scarcioffolo
  • Co-authors
  • Xiaoli Etienne
  • Abstract
  •  

    This study examines how fuel price fluctuations impact food prices in Brazil, a critical issue as food spending heavily burdens low-income households. We employ a Vector Error Correction Model and time-varying approaches to analyze monthly data from 2004 to 2023. Our initial findings suggest a critical connection: changes in fuel prices have a significant impact on food prices in Brazil, both immediately and over the long term. This suggests that volatility in fuel prices can create instability in food prices, potentially jeopardizing household budgets and food security, particularly for those already struggling financially. Ultimately, this study reinforces the importance of continuous monitoring and analysis of fuel and food price trends to facilitate timely and effective policy measures. By doing so, policymakers can not only address immediate inflationary concerns but also promote long-term economic stability

  • Keywords
  • diesel price, food price, inflationary pressure
  • Modality
  • Comunicação oral
  • Subject Area
  • Energy and transport
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  • Nuclear Energy in Latam
  • Oil and Gas Markets and Investments
  • Energy Security and Geopolitics
  • Electricity markets
  • Energy and finance
  • Energy demand
  • Country studies
  • Energy and society
  • Energy Policy and Regulation
  • Climate Change: mitigation and adaptation
  • Disruptive innovation and energy transition
  • Energy and macroeconomics
  • Local governments
  • System integration
  • Energy and transport
  • Regional energy integration
  • LNG Markets in Latam
  • Social Dimensions of Energy Transition
  • Variable Renewable Energies
  • Distributed Energy Resources
  • System Integration, Energy Networks and Resilience
  • Energy Investment and Finance
  • Energy Market Design
  • Technology, Innovation and Policies
  • Low Carbon Hydrogen
  • Bioenergy and Biofuels
  • Energy and Development
  • New Supply Chains
  • Future of Utilities
  • Energy Efficiency
  • Energy Modeling
  • Energy and Macroeconomics
  • Energy Subsidies
  • Transportation and (e-) mobility
  • Nuclear Energy in Latam