reflect the best possible assessment of the equilibrium exchange rate. In this paper we use the BEER and PEER approach to … estimate real Polish zloty/euro equilibrium rate. Although the main goal of our analysis is to compute measures of current and … total misalignment, we also check the sensitivity of the equilibrium exchange rate estimates to our choice of the risk …

The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium … trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by …

technologies are likely to be postponed due to the peculiar characteristics of emission allowance prices. Furthermore, this price …

efficient firms are active. This is likely to lead to price increases, rather than decreases. …

This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European …. The jump-GARCH model explains the unsteady carbon price movement well and, moreover, shows that between 40 and 60 percent … of the carbon price variance are triggered by jumps. Information regarding EUA supply and news from international carbon …

price and the targeted minimum price. Second, a national auction reserve price would "KILL" allowances by invalidating them … until the ETS price equalled the national minimum price. Third, a government could require domestic overcompliance and "BILL … price. We explore the implications of these policy options on national and ETS-wide carbon prices, revenues from emissions …

a dynamic panel-data model, our estimates indicate that decline of import-price sensitivity to the exchange rate is not …

these measures will adequately support the price into the future. In the meantime, governments have been turning away from … reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to …