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Issues in Global Natural Gas : A Primer and Analysis

Okogu, Bright E. - 2002

This paper discusses the rising profile of natural gas in global energy, factors constraining its further development, the gas contracting process, and the absence of a global market, which is analyzed in the context of the economic rent in the gas price and the opaque nature of gas contracts. A...

Persistent link: https://www.econbiz.de/10014401810

Measuring Energy Security : Trends in the Diversification of Oil and Natural Gas Supplies

Loungani, Prakash - 2011

We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the...

Persistent link: https://www.econbiz.de/10014402730

Nonlinearity in Deviations From Uncovered Interest Parity : An Explanation of the Forward Bias Puzzle

Valente, Giorgio - 2006

we show that, if the true process of UIP deviations were of the nonlinear form we consider, estimation of conventional …

Persistent link: https://www.econbiz.de/10014403034

Cointegration of International Stock Market Indices

Chou, Ray Yeutien - 1994

In this paper, we derive evidence on the integration of international stock markets from the cointegration properties … of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six … subgroup analyses also indicate that the cointegration relationships have become stronger over time. This is consistent with …

Persistent link: https://www.econbiz.de/10014395829

Model-based globally-consistent risk assessment

Andrle, Michal; Hunt, Benjamin F. - 2020

This paper outlines an approach to assess uncertainty around a forecast baseline as well as the impact of alternative policy rules on macro variability. The approach allows for non-Gaussian shock distributions and non-linear underlying macroeconomic models. Consequently, the resulting...

Persistent link: https://www.econbiz.de/10012251371

A comprehensive greenhouse gas mitigation strategy for The Netherlands

Batini, Nicoletta; Black, Simon; Luca, Oana; Parry, Ian … - 2021

The Netherlands has ambitious greenhouse gas emission reduction targets for the future - to cut them by 49 percent below 1990 levels by 2030 and 95 percent by 2050. These targets and the likely new EU-wide targets under the recent EU Green Deal entail a rapid acceleration in decarbonization....

Persistent link: https://www.econbiz.de/10012796806

An Oil and Gas Model

Krichene, Noureddine - 2007

This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to business cycles. Estimates showed that short-run demand for oil and gas was price-...

Persistent link: https://www.econbiz.de/10014400334

Testing for Purchasing Power Parity in Cointegrated Panels

Lyhagen, Johan - 2007

This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong … contrasted to those from the Pedroni (1995) cointegration tests and fully modified OLS and dynamic OLS esimators of the …

Persistent link: https://www.econbiz.de/10014401245

Long Memory Processes and Chronic Inflation : Detecting Homogeneous Components in a Linear Rational Expectation Model

Scacciavillani, Fabio - 1994

This paper is an empirical study of the links between monetary variables and inflation based on Cagan’s equation and its rational expectations solution, when the forcing variable is a fractionally integrated process. As demonstrated by Hamilton and Whiteman, the existence of bubbles and other...

Persistent link: https://www.econbiz.de/10014398740

Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions

International Monetary Fund - 1999

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...

Persistent link: https://www.econbiz.de/10014400163