This note argues that in a situation of an inelastic natural gas supply a restrictive monetary policy in the euro zone could reduce the energy bill and therefore has additional merits. A more hawkish monetary policy may be able to indirectly use monopsony power on the gas market. The welfare...

It is well-known that interest rates are extremely persistent, yet they are best modeled and understood as stationary processes. These properties are contradictory in the workhorse Gaussian affine term structure model in which persistent data often result in unit roots that imply...

Dehydration using triethylene glycol (TEG) is widely used in natural gas processing to avoid corrosion and plugging of the flow lines. Optimization using Aspen HYSYS simulator and optimizer tool was performed to minimize the processing cost considering different sets of parameters: TEG...