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and inflation dynamics in Europe. Specifically, we include in our specification two separate energy markets (oil and …
Persistent link: https://www.econbiz.de/10013488601
This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the Eurozone. According to our results, the gas market does not play a role for the pricing of Eurozone energy stocks. However, changes in the Euro to U.S. Dollar exchange rate as...
Persistent link: https://www.econbiz.de/10003671239
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This paper develops a Bayesian VAR model to identify three structural shocks driving the European gas market: demand, supply and inventory shocks. We document how gas price fluctuations have a heterogeneous pass-through to euro area prices depending on the underlying shock driving them. The...
Persistent link: https://www.econbiz.de/10014490358
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Strengthening Europe’s sovereignty has become a much-debated policy goal. This paper adds three arguments to ongoing … discussions. First, it is no coincidence that recent years have witnessed increasing debate around how to strengthen Europe …’s sovereignty. The Maastricht-EU, Europe’s overarching political order since the 1990s, aimed to overcome sovereignty, not to …
Persistent link: https://www.econbiz.de/10015130384
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