(FAVAR) model. We analyze the role of speculation in comparison to supply and demand forces as drivers of oil prices. The … main results are as follows: (i) While global demand shocks account for the largest share of oil price fluctuations …, speculative demand shocks are the second most important driver. (ii) The comovement between oil prices and the price of other …

This study analyses the potential impact of climate change on EU tourism demand and provides long-term (2100) scenarios … accounting for adaptation in terms of holiday duration. Our long-term projections for tourism demand are based on hedonic … analyse together the climatic aspect of recreational demand and its travel cost dimension and thus to draw alternative …