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Efficient management of insecure fossil fuel Imports through taxing (!) domestic green energy?

Eichner, Thomas; Pethig, Rüdiger - 2010

A small open economy produces a consumer good, green and black energy, and imports fossil fuel at an uncertain price. Unregulated competitive markets are shown to be inefficient. The implied market failures are due to the agents' attitudes toward risk, to risk shifting and the uniform price for...

Persistent link: https://www.econbiz.de/10003969720

Modeling fluctuations in the global demand for commodities

Kilian, Lutz; Zhou, Xiaoqing - 2017

It is widely understood that the real price of globally traded commodities is determined by the forces of demand and supply. One of the main determinants of the real price of commodities is shifts in the demand for commodities associated with unexpected fluctuations in global real economic...

Persistent link: https://www.econbiz.de/10011754229

UK natural gas : gas-specific or oil driven pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2013

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...

Persistent link: https://www.econbiz.de/10010212645

Do people value more informative news?

Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2019

We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …

Persistent link: https://www.econbiz.de/10012156434

The relative volatility of commodity prices : a reappraisal

Arezki, Rabah; Lederman, Daniel; Zhao, Hongyan - 2011

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...

Persistent link: https://www.econbiz.de/10009489287

Global cycles : capital flows, commodities, and sovereign defaults, 1815-2015

Reinhart, Carmen M.; Reinhart, Vincent; Trebesch, Christoph - 2016 - This draft: January 13, 2016

Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date turning points in global capital flows and commodity prices across two centuries and provide estimates from alternative data...

Persistent link: https://www.econbiz.de/10011421571

Macro news and commodity returns

Caporale, Guglielmo Maria; Spagnolo, Fabio; Spagnolo, Nicola - 2015

This paper adopts a VAR-GARCH approach to model the dynamic linkages between both the mean and the variance of macro news and commodity returns (Gold, Corn, Wheat, Soybeans, Silver, Platinum, Palladium, Copper, Aluminium and Crude Oil) over the period 01/01/2001-26/09/2014. The chosen...

Persistent link: https://www.econbiz.de/10011346863

Coerced labor in the cotton sector : how global commodity prices (don't) transmit to the poor

Danzer, Alexander M.; Grundke, Robert - 2016 - This Version: May 2016

This paper investigates the economic fortunes of coerced vs. free workers in a global supply chain. To identify the differential treatment of otherwise similar workers we resort to a unique exogenous labor demand shock that affects wages in voluntary and involuntary labor relations differently....

Persistent link: https://www.econbiz.de/10011482929

Macroeconomic effects of disruptions in global food commodity markets : evidence for the United States

De Winne, Jasmien; Peersman, Gert - 2016

We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...

Persistent link: https://www.econbiz.de/10011565633

Dimensions of macroeconomic uncertainty : a common factor analysis

Henzel, Steffen; Rengel, Malte - 2014

Uncertainty about the future course of the economy is a possible driver of aggregate fluctuations. To identify the different dimensions of uncertainty in the macroeconomy we construct a large dataset covering all types of economic uncertainty. We then identify two fundamental factors which...

Persistent link: https://www.econbiz.de/10010412767

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