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The Response of European Energy Prices to ECB Monetary Policy
Torró, Hipòlit - 2018
(electricity, EUAs, and natural gas prices) seem to be unaffected by monetary policy actions. We think these results are of …
Persistent link: https://www.econbiz.de/10014115109
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A Simple Framework for Climate-Change Policy Under Model Uncertainty
Athanasoglou, Stergios - 2017
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10012959549
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Impact of world oil prices on an energy exporting economy including monetary policy
Alekhina, Victoriia; Yoshino, Naoyuki - 2018
This research investigates the interrelationship between the main macroeconomic indicators of an oil exporting country and world oil prices using a vector autoregressive (VAR) approach. We focus on an economy, which is a non-OPEC oil exporter and its oil revenues account for a significant...
Persistent link: https://www.econbiz.de/10011811897
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Photovoltaic Money
Mcbride, Timothy - 2019
is backed up by the worth of the collective photovoltaic electricity percentage that is actually being produced by the … surrounding the whole planet.Electricity is a product that is very useful to most humans on the planet so by creating a medium of … exchange that generates electricity seems practical. Several companies and universities are already producing many of the …
Persistent link: https://www.econbiz.de/10012863653
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The response of European energy prices to ECB monetary policy
Torró, Hipòlit - 2018
(electricity, EUAs, and natural gas prices) seem to be unaffected by monetary policy actions. We think these results are of …
Persistent link: https://www.econbiz.de/10011810457
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And yet they move : energy prices fall when key interest rates increase, despite countervailing effects
Ider, Gökhan; Kriwoluzky, Alexander; Kurcz, Frederik; … - In: DIW weekly report : economy, politics, science : a … 13 (2023) 8, pp. 73-80
Energy prices have risen sharply as a result of the coronavirus pandemic as well as the Russian attack on Ukraine in February 2022. The resulting consumer price inflation is forcing the European Central Bank (ECB) to act in accordance with its mandate. However, the ECB expresses doubts that it...
Persistent link: https://www.econbiz.de/10014235028
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Assessing the Pass-through of Energy Prices to Inflation in the Euro Area
Corsello, Francesco; Tagliabracci, Alex - 2023
This paper focuses on the developments of energy prices since mid-2021 and assesses their impact on euro-area headline inflation, also considering the indirect transmission through the core and food components. We find that, while the contribution of energy inflation to core and food inflation...
Persistent link: https://www.econbiz.de/10014348388
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Assessing the pass-through of energy prices to inflation in the euro area
Corsello, Francesco; Tagliabracci, Alex - 2023
This paper focuses on the developments of energy prices since mid-2021 and assesses their impact on euro-area headline inflation, also considering the indirect transmission through the core and food components. We find that, while the contribution of energy inflation to core and food inflation...
Persistent link: https://www.econbiz.de/10014257767
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Friend, not foe : energy prices and European monetary policy
Ider, Gökhan; Kriwoluzky, Alexander; Kurcz, Frederik; … - 2024
This paper first shows that, contrary to conventional wisdom, the European Central Bank (ECB) can influence global energy prices. Second, through Lucas critique-robust counterfactual analysis, we uncover that the ECB's ability to affect fast-moving energy prices plays an important role in the...
Persistent link: https://www.econbiz.de/10014632303
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Market constellations and macroeconomic policy-making : institutional impacts on economic performance
Heise, Arne (contributor) - 2005
explained by different market constellations which are characterised by different sets of institutions. political and cultural … as well as implicit or explicit mechanisms of coordination between key macroeconomic policy areas in particular. A market … participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …
Persistent link: https://www.econbiz.de/10003377631