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Carbon Price Drivers: An Updated Literature Review
Chevallier, Julien - HAL - 2011
Since the creation of the European Union Emissions Trading Scheme (EU ETS) in 2005, a burgeoning academic literature has emerged to identify the factors that shape the price of carbon, where one European Union Allowance is equal to one ton of CO2-equivalent emitted in the atmosphere. Thus, there...
Persistent link: https://www.econbiz.de/10009004292
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The impact of the European Union Emission Trading Scheme on electricity generation sectors
Kirat, Djamel; Ahamada, Ibrahim - HAL - 2009
In order to comply with their commitments under the Kyoto Protocol, France and Germany participate to the European Union Emission Trading Scheme (EU ETS) which concerns predominantly electricity generation sectors. In this paper we seek to know if the EU ETS gives appropriate economic incentives...
Persistent link: https://www.econbiz.de/10010738700
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The impact of the European Union Emission Trading Scheme on electricity generation sectors
Kirat, Djamel; Ahamada, Ibrahim - HAL - 2009
In order to comply with their commitments under the Kyoto Protocol, France and Germany participate to the European Union Emission Trading Scheme (EU ETS) which concerns predominantly electricity generation sectors. In this paper we seek to know if the EU ETS gives appropriate economic incentives...
Persistent link: https://www.econbiz.de/10010750988
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The impact of phase II of the EU ETS on the electricity-generation sector
Ahamada, Ibrahim; Kirat, Djamel - HAL - 2012
This paper addresses the economic impact of the European Union Emission Trading Scheme (EU ETS) for carbon on wholesale electricity prices in France and Germany during the Kyoto commitment period (2008-2012). Specifically, we use first identify a structural break occurred on the carbon spot...
Persistent link: https://www.econbiz.de/10010635093
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Evidence of a nonlinear effect of the EU ETS on the electricity-generation sector
Ahamada, Ibrahim; Kirat, Djamel - HAL - 2012
This article considers the evidence for threshold effects in the relationship between electricity and emission permit prices in France and Germany during the second phase of the EU ETS. Specifically, we compare linear and nonlinear threshold models of electricity prices using Hansen's (2000)...
Persistent link: https://www.econbiz.de/10010635215
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Adoption of inflation targeting and tax revenue performance in emerging market economies: An empirical investigation
Lucotte, Yannick - HAL - 2010
Inflation targeting is a monetary policy framework which was adopted by several emerging countries over the last decade. Previous empirical studies suggest that inflation targeting has significant effects on either inflation or inflation variability in emerging targeting countries. But, by...
Persistent link: https://www.econbiz.de/10008789539
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Remittances, Value Added Tax and Tax Revenue in Developing Countries
Ebeke, Christian - HAL - 2011
This paper examines the impact of international remittances on both the level and the instability of government tax revenue in receiving countries. It investigates in particular whether the presence of a value added tax (VAT) system increases the benefit of the inflows of remittances in terms of...
Persistent link: https://www.econbiz.de/10008793925
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Information and repeat-sales
Simon, Arnaud - HAL - 2007
volatility of the index and the reversibility phenomenon. We study the formal link between the repeat-sales index and the price …
Persistent link: https://www.econbiz.de/10008793522
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FINANCIAL DEVELOPMENT AND INSTABILITY:THE ROLE OF THE LABOUR SHARE
Orgiazzi, Elsa - HAL - 2007
This paper examines the role of the labour share in creating instability in a small open economy. We assume that financial markets are imperfect so that entrepreneurs are credit constrained, and that this constraint is tighter for low levels of financial development. Aghion, Bacchetta and...
Persistent link: https://www.econbiz.de/10008793997
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Options Introduction and Volatility in the EU ETS
Chevallier, Julien; Pen, Yannick Le; Sévi, Benoît - HAL - 2009
market depth) or increase (due to more speculation) volatility. As the identification of these effects ultimately remains an … empirical question, we use daily data from April 2005 to April 2008 to document volatility behavior in the EU ETS. By … introduction of the option market had no effect on the volatility in the EU ETS. These finding are robust to other likely …
Persistent link: https://www.econbiz.de/10008794422