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The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that identifies oil price shocks through fundamentals affecting the oil market. Impulse responses show the significance of our two additional monetary shocks in impacting real oil...
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We show that shale oil producers respond positively to favourable oil price signals, and that this response is mainly associated with the timing of production decisions through well completion and refracturing, consistent with the Hotelling theory of optimal extraction. This finding is...
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Effective policies to mitigate climate change need to be accompanied by a socially just transition. This is especially relevant for coal regions. This paper draws on the experiences of past and ongoing transition policies, exploring their effectiveness and transferability. The challenges of...
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characterised by several events that affected energy source markets: the real effect of the global financial crisis, the explosion …
Persistent link: https://www.econbiz.de/10013358988
The hike in energy prices across Europe in 2022 and 2023 led to significant government interventions. Several … governments introduced 'energy price cap' measures to alleviate the increased burden on households' expenditures. This paper … the negative distributional consequences of the inflationary shock while it would completely offset the increase in energy …
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