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What Moves the European Carbon Market? - Insights from Conditional Jump Models
Gronwald, Marc; Ketterer, Janina - CESifo - 2012
emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized …. The jump-GARCH model explains the unsteady carbon price movement well and, moreover, shows that between 40 and 60 percent …
Persistent link: https://www.econbiz.de/10010948892
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"Interest Rate Trap", or: Why Does the Central Bank Keep the Policy Rate too Low for too Long Time?
Cao, Jin; Illing, Gerhard - CESifo - 2012
emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized …. The jump-GARCH model explains the unsteady carbon price movement well and, moreover, shows that between 40 and 60 percent …
Persistent link: https://www.econbiz.de/10010544182
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Evaluating Emission Trading as a Policy Tool - Evidence from Conditional Jump Models
Gronwald, Marc; Ketterer, Janina - CESifo - 2009
trading as a policy measure. Applying combined jump GARCH models yields strong evidence of conditional jump behavior. This …
Persistent link: https://www.econbiz.de/10004979418