prices as an information variable for monetary policy implementation. A set of option prices provides us with information on … prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for …

We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there …

Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity … wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control …