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root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …
Persistent link: https://www.econbiz.de/10009477386
Experimental auction and discrete choice experiment are two popular value elicitation methods.Theoretically they should yield the same results but empirical results have been mixed (e.g.,Lusk and Schroeder 2004, 2006; Corrigan et al. 2010.) This study uses both methods todetermine consumers’...
Persistent link: https://www.econbiz.de/10009444358
Recent financial instability has called into question the sufficiency of low inflation as a goal for monetary policy … quantity theory, and their policy prescription of price stability supported by lender of last resort activities in the event of …, particularly Austrian theory which stressed the banking system’s capacity to generate relative price distortions and forced saving …
Persistent link: https://www.econbiz.de/10009447210
explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015
, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the …
Persistent link: https://www.econbiz.de/10009433297
An evaluation of the existing hydrothermal energy economics related quantitative studies is provided. The objective is to present the similarities and differences in methodology and assumptions, and explain the impact of these differences on the energy price estimates. A brief summary of the...
Persistent link: https://www.econbiz.de/10009436375
A tool is presented to quantify the risks of geothermal projects, the Geothermal Probabilistic Cost Model (GPCM). The GPCM model is used to evaluate a geothermal reservoir for a binary-cycle electric plant at Heber, California. Three institutional aspects of the geothermal risk which can shift...
Persistent link: https://www.econbiz.de/10009436921
The US Department of Energy (DOE) is privatizing the processing of hazardous and radioactive tank waste at the Hanford Site in Washington State. As part of the privatization process, a request for proposals describing the conditions and DOE`s expectations for contractor performance and...
Persistent link: https://www.econbiz.de/10009436948
economic variable occurs that has no direct relation to the contemporaneous behavior of the variables that theory suggests it … involving changes in the inflation and monetary-policy regimes: the move to floating exchange rates following the breakdown of … throughout the industrialized world a decade later. In the case of the float, inflation which had been rising since the mid-1960s …
Persistent link: https://www.econbiz.de/10009440738
We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447