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Modelling long-run energy consumption under model uncertainty

Humer, Stefan; Csereklyei, Z. - EcoMod Network - 2012

The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...

Persistent link: https://www.econbiz.de/10010886612

DIVERGENT OPTIMAL INFLATION RATES IN EURO AREA COUNTRIES OR "DOES ONE SIZE FIT ALL?"

Caraballo, Mª Ángeles; Efthimiadis, Tilemahos - EcoMod Network - 2012

The aim of this paper is to derive the optimal inflation rate for the Euro Area (EA) countries from the relationship between relative price variability (RPV). In order to achieve the above stated goal, we have utilized monthly data for the Harmonized Index of Consumer Prices between January 1997...

Persistent link: https://www.econbiz.de/10010902567

Guidelines for employment impact assessment of renewable energy deployment - gross employment studies

Nathani, Carsten; Schmid, Christian; Breitschopf, Barbara; … - EcoMod Network - 2012

The use of renewable energy (RE) sources plays a significant role in increasing the security of energy supply and mitigating climate change. Whereas this role is undisputed, there is an ongoing discussion about the employment impacts of promoting RE deployment. In the past years several studies...

Persistent link: https://www.econbiz.de/10010886627

Taxing home ownership: distributional effects of including net imputed rent in taxable income

Tsakloglou, Panos; Figari, Francesco; Paulus, Alari; … - EcoMod Network - 2012

Imputed rental income of homeowners is tax exempt in most countries, despite the long-standing arguments recommending its inclusion in the tax base, on both equity and efficiency grounds. While the financial and fiscal crisis revived interest towards this form of taxation, this paper...

Persistent link: https://www.econbiz.de/10010886630

The Influence of Age on Consumption

Stoever, Britta - EcoMod Network - 2012

detect the influence of different age groups on the composition of consumption for Germany. The results are used to show the … development is taken from the 12th coordinated population projection for Germany generated by the National Statistical Office …

Persistent link: https://www.econbiz.de/10010886639

ESTIMATION OF VECTOR ERROR CORRECTION MODEL WITH GARCH ERRORS: MONTE CARLO SIMULATION AND APPLICATIONS

Setiawan, Kusdhianto; Maekawa, Koichi - EcoMod Network - 2014

The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...

Persistent link: https://www.econbiz.de/10010886654

INFORMATION PROPAGATION BETWEEN EQUITY MARKETS: THE CASE OF BRIC, TURKEY, THE USA, AND GERMANY

Schmidbauer, Harald; Roesch, Angi; Uluceviz, Erhan - EcoMod Network - 2013

The overall degree of international equity market connectedness has gradually increased over the past two decades. Reflecting the shift in global economic power, it has been recently suggested to pay more attention to the BRICT (Brazil, Russia, India, China, and Turkey) countries. Building on,...

Persistent link: https://www.econbiz.de/10010886701

Cheap Money and Risk Taking: Opacity versus Underlying Risk

Eckwert, Bernhard; Drees, Burkhard; Vardy, Felix - EcoMod Network - 2011

In a Bayesian setting, investments can be risky either because they are opaque, i.e., their payoff-relevant signals are noisy, or because they are fundamentally risky, i.e., the variance of the prior is high. When interest rates are low (high), investors favor opaque (transparent) projects that...

Persistent link: https://www.econbiz.de/10010886724

Consumer responsibilities of carbon emissions in a post-Kyoto regime until 2020

Wiebe, Kirsten Svenja; Lutz, Christian - EcoMod Network - 2012

COP17 in Durban revealed once again the general willingness to commit to the 2°-target and the difficulty to reach an international Post-Kyoto agreement until 2015. There is strong evidence from model-based analysis that economic costs of reaching the 2°-target will be below global GDP growth...

Persistent link: https://www.econbiz.de/10010887901

Modelling Germany´s Energy Transition and its Potential Effect on European Electricity Spot Markets

Menezes, Lilian de; Houllier, Melanie A. - EcoMod Network - 2013

potential impact of wind generated electricity produced in Germany on other European electricity markets, by employing MGARCH … (Germany and Switzerland), OMEL (Spain and Portugal), Nord Pool (Finland, Denmark and Norway) and Powernext (France) with wind … potential effects of Germany´s energy transition on level and volatility of electricity spot prices in Germany and in other …

Persistent link: https://www.econbiz.de/10010887927