Examinando por Materia "COMBUSTIBLES - PRECIOS - COLOMBIA"
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Publicación Diesel Price Stabilization and Food Prices in Colombia : Evidence on Energy-Food Price Transmission from 2013-2024(Universidad EAFIT, 2025-11-25) Ortiz, Martín; Escovar, SylviaEstablished in 2007, Colombia's Fuel Price Stabilization Fund (FEPC) has played a crucial role in reducing the volatility of domestic diesel prices relative to international diesel prices. The stabilization of diesel prices has ultimately helped regulate inflationary dynamics through the years. With the adaptation of several methods, including the Augmented Dickey-Fuller test, Johansen cointegration test, VECM estimate, Granger causality test, and Impulse Response Functions and Forecast Error Variance Decomposition, this paper examines how the FEPC's diesel price stabilization policy has influenced the transmission of energy costs to food prices from 2013 to 2024. The results reveal that the FEPC effectively mitigated diesel-to-food price transmission, but this protection weakened thereafter. The study suggests that a more sustainable mechanism to control energy-related inflationary risks could help limit the fiscal deficit and rising food prices.