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The Impact of Oil Price Shocks on the U.S. Stock Market : A Note on the Roles of U.S. And Non-U.S. Oil Production
Kang, Wensheng - 2017
Kilian and Park (IER 50 (2009), 1267–1287) find shocks to oil supply are relatively unimportant to understanding changes in U.S. stock returns. We examine the impact of both U.S. and non-U.S. oil supply shocks on stock returns in light of the unprecedented expansion in U.S. oil production...
Persistent link: https://www.econbiz.de/10012970793
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Realizing smiles: pricing options with realized volatility
Corsi, Fulvio; Fusari, Nicola; Vecchia, Davide la - 2010
We develop a discrete-time stochastic volatility option pricing model, which exploits the information contained in high …-frequency data. The Realized Volatility (RV) is used as a proxy of the unobservable log-returns volatility. We model its dynamics by … competing time-varying (i.e. GARCH-type) and stochastic volatility pricing models. The pricing improvement can be ascribed to …
Persistent link: https://www.econbiz.de/10003973052
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A comparison between shale gas in China and unconventional fuel development in the United States : health, water and environmental risks
Farah, Paolo D.; Tremolada, Riccardo - 2013
China is appraised to have the world's largest exploitable reserves of shale gas, although several legal, regulatory, environmental and investment-related issues will likely restrain its scope. China's capacity to successfully face these hurdles and produce commercial shale gas will have a...
Persistent link: https://www.econbiz.de/10010203405
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2007-2008 Qlobal Iqtisadi Böhranin Abş Və Avropa Iqtisadiyyatina Uzun Müddətli Təsirləri (Long-Term Effects of the 2007-2008 Global Economic Crises on the Economy of the United Sta...
Suleymanov, Elchin - 2012
In this article, the long-lasting effects of the 2007-2008 global economic crises on the economy of the United States and Europe have been investigated and presented separately. In these economies, the permanence of this effect is given. Similar and different aspects are explained in terms of...
Persistent link: https://www.econbiz.de/10013097551
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Promoting an All of the Above Approach or Pushing (Oil) Addiction and Abuse? : The Curious Role of Energy Subsidies and Mandates in U.S. Energy Policy
Fershee, Joshua P. - 2014
President Bush declared America “addicted to oil” in his fifth State of the Union address, uttering what is now a common refrain used to urge the development of alternative fuel sources. Before progress can be made to modernize the U.S. fuel mix, though, it is important to consider how and...
Persistent link: https://www.econbiz.de/10013064386
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Climate Regulation of the Electricity Industry : A Comparative View from Australia, Great Britain, South Korea, and the United States
Davies, Lincoln L. - 2017
Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law and policy today. This is both because of the critical role that electricity plays in modern society, acting as economic lifeblood, and because of electricity's part in...
Persistent link: https://www.econbiz.de/10012955867
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U.S. Renewable Energy Policy in Context
Davies, Lincoln L. - 2016
This article introduces and overviews U.S. renewable energy policy. It describes the shape, content, and contours of that policy, including its emphases and functions in both the electricity and transportation sectors of the U.S. economy. To do so, the article builds a conceptual model that can...
Persistent link: https://www.econbiz.de/10013002575
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Integration of Physical and Futures Prices in the US Natural Gas Market
Ghoddusi, Hamed - 2015
This paper examines the integration between the prices of different types of physical (upstream/end-use) and futures contracts of natural gas in the US for the period of June 1990-Dec 2014. To examine the equilibrium relationship between physical and futures prices, several cointegration tests,...
Persistent link: https://www.econbiz.de/10013025369
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Misguided Energy : Why Recent Legislative, Regulatory, and Market Initiatives are Insufficient to Improve the U.S. Energy Infrastructure
Fershee, Joshua P. - 2014
This Article reviews recent legislative and regulatory activity seeking to increase energy infrastructure and analyzes the ability of each action to achieve this goal efficiently and effectively. In Part II, the Article briefly reviews the Energy Policy Act of 2005 (EPAct 2005), which included...
Persistent link: https://www.econbiz.de/10012709784
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Misguided Energy : Why Recent Legislative, Regulatory, and Market Initiatives are Insufficient to Improve the U.S. Energy Infrastructure
Fershee, Joshua P. - 2014
This Article reviews recent legislative and regulatory activity seeking to increase energy infrastructure and analyzes the ability of each action to achieve this goal efficiently and effectively. In Part II, the Article briefly reviews the Energy Policy Act of 2005 (EPAct 2005), which included...
Persistent link: https://www.econbiz.de/10012752219