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Futures Trading and the Excess Comovement of Commodity Prices
Le Pen, Yannick - 2017
We empirically reinvestigate the issue of the excess co-movement of commodity prices initially raised in Pindyck and Rotemberg (1990). Excess co-movement appears when commodity prices remain correlated even after adjusting for the impact of fundamentals. We use recent developments in large...
Persistent link: https://www.econbiz.de/10012974751
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News and correlations: an impulse response analysis.
Le Pen, Yannick; Sévi, Benoît - Université Paris-Dauphine
We proceed to an impulse response analysis on the conditional correlations between three stock indices returns: the Nikkei, the FTSE 100 and the S&P 500. As a first step, we estimate an extension of the general asymmetric dynamic conditional correlation (GADCC) model proposed by Cappiello,...
Persistent link: https://www.econbiz.de/10009189930
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Revisiting the excess co-movements of commodity prices in a data-rich environment.
Le Pen, Yannick; Sévi, Benoît - Université Paris-Dauphine
We reinvestigate the issue of excess comovements of commodity prices initially raised in Pindyck and Rotemberg (1990). While Pindyck and Rotemberg and following contributions consider this issue using an arbitrary set of control variables, we develop our analysis using recent development in...
Persistent link: https://www.econbiz.de/10009189933
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Power generation and structural change: Quantifying economic effects of the coal phase-out in Germany
Heinisch, Katja; Holtemöller, Oliver; Schult, Christoph - 2020
In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. We study potential economic consequences of a coal phase-out in Germany, using a...
Persistent link: https://www.econbiz.de/10012321384
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Power generation and structural change : quantifying economic effects of the coal phase-out in Germany
Heinisch, Katja; Holtemöller, Oliver; Schult, Christoph - 2020 - This draft: November 2020
In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. We study potential economic consequences of a coal phase-out in Germany, using a...
Persistent link: https://www.econbiz.de/10012321331
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Power generation and structural change : quantifying economic effects of the coal phase-out in Germany
Heinisch, Katja; Holtemöller, Oliver; Schult, Christoph - 2019
In the fight against global warming, the reduction of greenhouse gas emissions is a major objective. In particular, a decrease in electricity generation by coal could contribute to reducing CO2 emissions. Using a multi-region dynamic general equilibrium model, this paper studies potential...
Persistent link: https://www.econbiz.de/10012051245
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Pricing Carbon Emissions in China
Chang, Chia-Lin; Mai, Te-Ke; McAleer, Michael - 2018
development of clean energy, including hydroelectric power, wind power, and solar energy generation. In order to involve companies …, which causes serious pollution. In order to understand the regional markets well, it is necessary to analyze the energy … structure in these regions. Coal is the primary energy source in China, so that provinces that rely heavily on coal receive a …
Persistent link: https://www.econbiz.de/10011819516
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Establishing National Carbon Emission Prices for China
Chang, Chia-Lin; Mai, Te-Ke; McAleer, Michael - 2018
The purpose of the paper is to establish national carbon emissions prices for the People’s Republic of China, which is one of the world’s largest producers of carbon emissions. Several measures have been undertaken to address climate change in China, including the establishment of a carbon...
Persistent link: https://www.econbiz.de/10011819543
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Land Use Change Impacts of Biofuels: Near-VAR Evidence from the US
Piroli, Giuseppe; Ciaian, Pavel; Kancs, d'Artis - 2011
The present paper studies the land use change impacts of fuels and biofuels. We test the theoretical hypothesis, which says that changes in fuel prices cause changes in land use both directly and indirectly and, because of price inter-dependencies, biofuels reinforce the land use change impacts....
Persistent link: https://www.econbiz.de/10011496159
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Food, Energy and Environment: is Bioenergy the missing link?
Ciaian, Pavel; Kancs, D'Artis - 2011
The present paper studies price linkages between the food, energy and bioenergy markets. We develop a vertically …
Persistent link: https://www.econbiz.de/10010313347