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Past empirical research on monetary policy in open economies has found evidence of the ‘delayed overshooting puzzle’ and the ‘forward discount puzzle’. We revisit the effects of monetary policy on exchange rates by applying Uhlig's [Uhlig, H., 2005a. What are the effects of monetary policy...
Persistent link: https://www.econbiz.de/10009471690
La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...
Persistent link: https://www.econbiz.de/10012523788
Technology transfer to the industrial sector for geopressured-geothermal technology has included diverse strategies, with successes and obstacles or roadblocks. Numerical data are tabulated in terms of response to the various strategies. Strategy categories include the following: feasibility...
Persistent link: https://www.econbiz.de/10009435412
This paper deals with the market for SO{sub 2} emission allowances over time and electric utility compliance choices. For currently high emitting plants ( 2.5 lb SO{sub 2}/MMBtu), the 1990 Clean Air Act Amendments (CAAA) provide for about twice as many SO{sub 2} allowances to be issued per year...
Persistent link: https://www.econbiz.de/10009435433
The city of Susanville, in response to an unemployment rate exceeding 20 percent and other related community needs, has embarked on a comprehensive effort in community and economic development. To improve the local job market, an effort is underway to enhance the competitive position of the...
Persistent link: https://www.econbiz.de/10009435442
oil stocks, demand, and trade in OECD countries. World oil production and OECD demand data are for the years 1970 through … 1992; OECD stocks from 1973 through 1992; and OECD trade from 1982 through 1992. Data for the United States are developed … published sources including International Energy Agency publications, the EIA International Energy Annual, and the trade press …
Persistent link: https://www.econbiz.de/10009435449
Classical economic base analysis is grounded in the concept that export activity drives the local economy and that economic impacts due to development can be traced to changes in the export base. Local government activities are frequently treated as a consequence of economic change, but no...
Persistent link: https://www.econbiz.de/10009435674
world. Because of this limitation, quantitative results were limited to Alaskan crude oil prices. All other price and trade … world. The model-generated results cover both crude and product prices as well as petroleum trade flows. The quantitative …
Persistent link: https://www.econbiz.de/10009435744
Despite the current adequacy of the generation and transmission system in Illinois, there is concern that the uncertainties of electricity restructuring warrant a more detailed analysis to determine if there might be pitfalls that have not been identified under current conditions. The problems...
Persistent link: https://www.econbiz.de/10009435795
As increasingly large volumes of sophisticated options (called derivative securities) are traded in world financial markets, determining a fair price for these options has become an important and difficult computational problem. Many valuation codes use the binomial pricing model, in which the...
Persistent link: https://www.econbiz.de/10009435800