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Reformas Regulatórias e Reestruturação no Setor Elétrico

Pinto, Bruno José Marques - EconWPA - 2005

shortages, and utility insolvencies in California’s electricity sector. A necessary first step in determining the lessons … learned from the California electricity crisis is a diagnosis of its causes. This requires a clear understanding of the … federal and state regulatory infrastructure that governs the US electricity supply industry. The structure of California …

Persistent link: https://www.econbiz.de/10005126483

Water Rights Arrangements in Australia and Overseas

Commission, Productivity - EconWPA - 2004

principles for South Au stralia, Queensland, NSW, Victoria South Africa, Chile, Colorado, Mexico and California. …

Persistent link: https://www.econbiz.de/10005556157

Modeling highly volatile and seasonal markets: evidence from the Nord Pool electricity market

Weron, Rafal; Simonsen, Ingve; Wilman, Piotr - EconWPA - 2003

In this paper we address the issue of modeling spot electricity prices. After analyzing factors leading to the unobservable in other financial or commodity markets price dynamics we propose a mean reverting jump diffusion model. We fit the model to data from the Nord Pool power exchange and find...

Persistent link: https://www.econbiz.de/10005407920

On detecting and modeling periodic correlation in financial data

Broszkiewicz-Suwaj, Ewa; Makagon, Andrzej; Weron, Rafal; … - EconWPA - 2005

For many economic problems standard statistical analysis, based on the notion of stationarity, is not adequate. These include modeling seasonal decisions of consumers, forecasting business cycles and - as we show in the present article - modeling wholesale power market prices. We apply standard...

Persistent link: https://www.econbiz.de/10005407946

Extreme Moves in Foreign Exchange Rates and Risk Limit Setting

Dacorogna, Michel; Blum, Peter - EconWPA - 2003

Foreign exchange rates can be subject to considerable daily fluctuations (up to 5 percent within one day). This can, in certain cases, cause serious losses on open overnight positions. Given a maximum tolerable loss for a company, limits have to be set on open overnight positions in foreign...

Persistent link: https://www.econbiz.de/10005126103

Short-Run Price Movements in Ecuador

Jr, Thomas M Fullerton - EconWPA - 2004

A theoretical model of inflationary dynamics in Ecuador is specified for the pre-dollarization period when the sucre was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly data from January 1964 to December 1994 are used in the...

Persistent link: https://www.econbiz.de/10005126131

Using the Scaling Analysis to Characterize Financial Markets

Matteo, T. Di; Aste, T.; Dacorogna, Michel M. - EconWPA - 2004

The scaling properties encompass in a simple analysis many of the volatility characteristics of financial markets. That is why we use them to probe the different degree of markets development. We empirically study the scaling properties of daily Foreign Exchange rates, Stock Market indices and...

Persistent link: https://www.econbiz.de/10005134766

Cross Border Business Cycle (Impacts on Commercial Electricity Demand

Jr, Thomas M Fullerton - EconWPA - 2004

Border region electric utility service loads are impacted by national, regional, and international business cycles. To examine whether the cross-border components of these interactions can be reliably assessed, transfer ARIMA models are estimated for three business rate categories in El Paso,...

Persistent link: https://www.econbiz.de/10005062498

Does Telecommuting Reduce Vehicle-miles Traveled? An Aggregate Time Series Analysis for the U. S.

Choo, Sangho; Mokhtarian, Patricia L.; Salomon, Ilan - EconWPA - 2005

This study examines the impact of telecommuting on passenger vehicle- miles traveled (VMT) through a multivariate time series analysis of aggregate nationwide data spanning 1966-1999 for all variables except telecommuting, and 1988-1998 for telecommuting. The analysis was conducted in two...

Persistent link: https://www.econbiz.de/10005407928

The P* model as a general identity to analyze and forecast the behavior of the inflation rate in the economy of Puerto Rico

Ramos, Carlos A. Rodríguez - EconWPA - 2003

In this work the P* model is used to analyze and forecast the inflation rate in the economy of Puerto Rico. This model is based on two essential points: the first one is to identify the inflationary potential of an economic system through the estimation of the price level to which the inflation...

Persistent link: https://www.econbiz.de/10005556397