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In this paper we study the zero frequency spectral properties of fractionally cointegrated long memory processes and introduce a new frequency domain principal components estimator of the cointegration space and the factor loading matrix for the long memory factors. We find that for fractionally...
Persistent link: https://www.econbiz.de/10009636544
This study on the functioning of retail electricity markets for consumers in the EU is the follow up to the first … are to investigate if a well-functioning electricity market is in place for consumers in the EU and assess how the … performance of retail electricity markets for consumers has developed since the first market study. The study also examines the …
Persistent link: https://www.econbiz.de/10011998852
Diese Studie stellt Informationen bereit, die den sektoralen sozialen Dialog im Energieversorgungssektor fördern sollen. In der Studie wird zunächst ein Überblick über den wirtschaftlichen Hintergrund und die Beschäftigungssituation des Sektor gegeben, dann werden die Organisationen der...
Persistent link: https://www.econbiz.de/10010352913
Persistent link: https://www.econbiz.de/10011476860
prior theory and yet it encompasses all standard DSGE models. After introducing this new paradigm I study US monetary policy …
Persistent link: https://www.econbiz.de/10009635920
Monitoring and forecasting price developments in the euro area is essential in the light of the second pillar of the ECBu0092s monetary policy strategy. This study analyses whether the forecasting accuracy of forecasting aggregate euro area inflation can be improved by aggregating forecasts of...
Persistent link: https://www.econbiz.de/10009635954
In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic u0093growth rate of around 3 percent as a realistic prospect for the coming yearsu0094 and assigns public finances an important role in the process of achieving this goal. This paper addresses...
Persistent link: https://www.econbiz.de/10009635955
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...
Persistent link: https://www.econbiz.de/10009635980
The ENCOURAGED (Energy corridor optimisation for European markets of gas, electricity and hydrogen) project has been … neighbouring countries. The objectives of the project are to: assess the economic optimal energy (electricity, gas and hydrogen …
Persistent link: https://www.econbiz.de/10009638900
The EURO-SOLAR Programme (Financing Agreement 2006/17-223) was designed in 2006 and implemented in eight Latin American countries as from 2007, focusing its activities in the poorest countries of the subcontinent (Guatemala, Honduras, El Salvador, Nicaragua, Ecuador, Peru, Bolivia and Paraguay)....
Persistent link: https://www.econbiz.de/10011625002