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The onset of the financial crisis in 2008 has highlighted the problems of diverging external imbalances within Economic and Monetary Union (EMU) and the role of persistent losses in competitiveness. This paper starts by investigating some of the competitiveness factors which contributed to...
Persistent link: https://www.econbiz.de/10011606291
We argue for the resurrection of an old idea: electricity use as an indicator of U.S. economic activity. Our analysis … relies on associations–the 40-year correlation between growth rates in real GDP and electricity use can be as high as 89 …% –and intuition. Electricity use and economic conditions should move together. The vast majority of goods and services are …
Persistent link: https://www.econbiz.de/10011416254
China is by far the world's largest consumer of primary energy. Its vast energy demands are a leading issue for global energy use, driving pollution trends and prices on commodity markets. Despite huge increases in non-fossil capacity from nuclear and renewables, China still burns tremendous...
Persistent link: https://www.econbiz.de/10013168649
for the European Union (EU) and its young hydrogen economy. Apart from the demand for electricity, there is above all a …
Persistent link: https://www.econbiz.de/10013462627
other euro area economies, but even more due to significant fiscal measures. The "tariff shield" on gas and electricity …
Persistent link: https://www.econbiz.de/10014278172
Inflation in Austria started to rise from mid-2021 during recovery from the CORONA crisis. The Russian invasion in Ukraine and the heavy increases in energy prices made things worse and brought inflation to over 10%. The government did not enter direct formal negotiations with social partners...
Persistent link: https://www.econbiz.de/10014278197
(electricity and gas, only up to a certain threshold) and fuel prices. Regarding the wage setting process one has to keep in mind …
Persistent link: https://www.econbiz.de/10014278342
%-point. This is however for a considerable part due to differences in the way gas and electricity prices are measured. The …
Persistent link: https://www.econbiz.de/10014278364
taxes and VAT on electricity and gas. The right-wing government led by Giorgia Meloni elected in September 2022 has …
Persistent link: https://www.econbiz.de/10014278425
been amplified by the functioning of energy markets, especially electricity, and price increases have spread progressively … electricity market, limiting the gas price for consumers in the regulated tariff, lowering indirect taxes, or discounts for …
Persistent link: https://www.econbiz.de/10014278472