Showing 1 - 9 of 9
This paper examines the impact of conventional and unconventional monetary policy on energy prices using an event study with intraday data. Three measures for monetary policy surprises are used: 1) the surprise change to the current federal funds target rate, 2) the surprise component to the...
Persistent link: https://www.econbiz.de/10010939427
This article models the dependence risk and resource allocation characteristics of two 20-stock coal–uranium and oil–gas sector portfolios from the Australian market in the context of the global financial crisis of 2008–2009. The modeling framework implemented consists of pair vine copulas...
Persistent link: https://www.econbiz.de/10010939452
This paper investigates the relationships between energy consumption and economic growth in Switzerland over the period 1950–2010. We apply bounds testing techniques to different energy types separately. Robustness tests are performed by including additional variables and restricting the...
Persistent link: https://www.econbiz.de/10010616845
Despite the growing importance of biofuels, the effect of biofuels on fossil fuel markets is not fully understood. We develop a joint structural Vector Auto Regression (VAR) model of the global crude oil, US gasoline, and US ethanol markets to examine whether the US ethanol market has had any...
Persistent link: https://www.econbiz.de/10010571718
Electricity spot prices are characterized by sudden large movements, followed a few days later by an equally large movement in the opposite direction. These phenomena are called spikes (upward movements) and drops (downward movements). Recent research has suggested that the dynamics of the...
Persistent link: https://www.econbiz.de/10011039507
We describe a randomized controlled experiment in which the default settings on office thermostats in an OECD office building were manipulated during the winter heating season, and employees' chosen thermostat setting observed over a 6-week period. Using difference-in-differences, panel, and...
Persistent link: https://www.econbiz.de/10011039543
In Mozambique, households consume a mix of energy sources to satisfy their needs for lighting and cooking and, for wealthier households, other domestic necessities such as refrigeration. The domestic energy mix depends on the prices of the sources and on the capability of the household to invest...
Persistent link: https://www.econbiz.de/10011039635
The goals of this paper are to 1) simulate the ex-ante riskiness of purchasing a TCC, and 2) evaluate the efficiency of the TCC market in New York State to determine if there is evidence of under-pricing. Three VAR models are estimated using only market data available before the auction. This...
Persistent link: https://www.econbiz.de/10011115889
We estimate electricity demand elasticities for eight subsectors of the German manufacturing industry using annual data from EU-KLEMS and the International Energy Agency for 1970–2007. The subsectoral approach allows to retain additional information otherwise blurred by aggregation and to...
Persistent link: https://www.econbiz.de/10011208274