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supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand … was driven by adverse supply shocks and positive storage demand shocks, as Germany filled its inventories before the …
Persistent link: https://www.econbiz.de/10014576948
oil and electricity, took place. Using monthly price data, we find a highly integrated market where wholesale demand seems …
Persistent link: https://www.econbiz.de/10002578053
Gas exports to the Continent are regulated by long term take-or-pay contracts. The contracts are described and analyzed. We thereafter examine whether the most central European gas market, the German market, is integrated. Are there substantial price differences between gas from different export...
Persistent link: https://www.econbiz.de/10009781639
We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …
Persistent link: https://www.econbiz.de/10012238496
the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …
Persistent link: https://www.econbiz.de/10010212645
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Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export … of export shares from the most to the least productive incumbents. Greater skewness of the demand distribution and …
Persistent link: https://www.econbiz.de/10011547934
varies across countries (the fickle fringe), the interdependence in demand or production technology making vectors of … with the size of the destination market and with the ability to match demand, but is inversely related to market …
Persistent link: https://www.econbiz.de/10011472938