{"id":1568,"date":"2014-12-22T09:42:53","date_gmt":"2014-12-22T09:42:53","guid":{"rendered":"http:\/\/www.asimmetrie.org\/?p=1568"},"modified":"2023-10-12T10:09:59","modified_gmt":"2023-10-12T09:09:59","slug":"wp-201407-long-and-short-run-price-asymmetries-in-the-italian-energy-market-the-case-of-gasoline-and-heating-gasoil","status":"publish","type":"publication","link":"https:\/\/asimmetrie.org\/en\/pubblicazioni\/wp-201407-long-and-short-run-price-asymmetries-in-the-italian-energy-market-the-case-of-gasoline-and-heating-gasoil\/","title":{"rendered":"WP 2014\/07: Long- and short-run price asymmetries in the Italian energy market: the case of gasoline and heating gasoil"},"content":{"rendered":"<p>Using monthly data from 1994 to 2012 we study the long-run relation between the pre-tax retail prices of petrol and heating gasoil with crude price and the nominal exchange rate. We find a strongly significant long-run relation. We then use the nonlinear ARDL (NARDL) model to assess the asymmetries on both the short- and long-run elasticities. The estimation results confirm the presence of a strong asymmetry in the long-run elasticities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Using monthly data from 1994 to 2012 we study the long-run relation between the pre-tax retail prices of petrol and heating gasoil with crude price [&hellip;]<\/p>\n","protected":false},"featured_media":8197,"template":"","tags":[],"topic":[],"publications_category":[14],"expert":[15,321],"class_list":["post-1568","publication","type-publication","status-publish","has-post-thumbnail","hentry","publications_category-working-papers","expert-alberto-bagnai","expert-christian-a-mongeau-ospina"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WP 2014\/07: Long- and short-run price asymmetries in the Italian energy market: the case of gasoline and heating gasoil &#8211; a\/simmetrie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asimmetrie.org\/en\/pubblicazioni\/wp-201407-long-and-short-run-price-asymmetries-in-the-italian-energy-market-the-case-of-gasoline-and-heating-gasoil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WP 2014\/07: Long- and short-run price asymmetries in the Italian energy market: the case of gasoline and heating gasoil &#8211; a\/simmetrie\" \/>\n<meta property=\"og:description\" content=\"Using monthly data from 1994 to 2012 we study the long-run relation between the pre-tax retail prices of petrol and heating gasoil with crude price [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/asimmetrie.org\/en\/pubblicazioni\/wp-201407-long-and-short-run-price-asymmetries-in-the-italian-energy-market-the-case-of-gasoline-and-heating-gasoil\/\" \/>\n<meta property=\"og:site_name\" content=\"a\/simmetrie\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asimmetrie.org\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-12T09:09:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/asimmetrie.org\/wp-content\/uploads\/2014\/12\/2014_07_wp.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AsimmetrieOrg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/asimmetrie.org\\\/en\\\/pubblicazioni\\\/wp-201407-long-and-short-run-price-asymmetries-in-the-italian-energy-market-the-case-of-gasoline-and-heating-gasoil\\\/\",\"url\":\"https:\\\/\\\/asimmetrie.org\\\/en\\\/pubblicazioni\\\/wp-201407-long-and-short-run-price-asymmetries-in-the-italian-energy-market-the-case-of-gasoline-and-heating-gasoil\\\/\",\"name\":\"WP 2014\\\/07: Long- and short-run price asymmetries in the Italian energy market: the case of gasoline and heating gasoil &#8211; 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