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Wirkung eines Anstiegs der Öl- und Gaspreise auf die deutsche Wirtschaft

Meyer, Prof. Dr. Bernd - GWS mbH - Gesellschaft für Wirtschaftliche … - 2007

Die Entwicklung in den vergangenen Jahren hat gezeigt, dass die Öl- und Gaspreise beträchtlichen Schwankungen unterliegen. Dabei ist klar geworden, dass langfristig die Knappheit der Ressourcen die Preise der fossilen Energieträger dramatisch steigern wird. Die Ressourcen sind begrenzt, aber...

Persistent link: https://www.econbiz.de/10005010507

Hoher Ölpreis - kein Grund für Aktionismus

Döhrn, Roland; Frondel, Manuel; Schmidt, Christoph M.; … - In: RWI Positionen (2005) 09, pp. 9-9

Der Rohölpreis lag infolge des Hurrikans "Katrina" vorübergehend bei über 70 Euro/b (1 barrel = 159 Liter) und damit einmal mehr auf einem neuen Rekordwert. Von den Verwüstungen im Süden der USA sind neben zehntausenden von Menschen auch Ölförderanlagen und Raffinerien betroffen. In der...

Persistent link: https://www.econbiz.de/10010615008

Biodiesel: Nicht nur eitel Sonnenschein

Frondel, Manuel; Peters, Jörg - In: RWI Positionen (2005) 12, pp. 9-9

Je höher der Ölpreis steigt, desto lauter werden auch die Rufe nach Biotreibstoffen. Der Boom bei Biodiesel, die bei weitem bedeutendste Form von Biotreibstoffen in Deutschland, ist indessen nicht den hohen Ölpreisen zu verdanken. Trotz der neuen historischen Höchststände beim Ölpreis sind...

Persistent link: https://www.econbiz.de/10010615025

The effects of the Dutch disease in Russia

Algieri, Bernardina - 2004

This paper shows how the Dutch Disease has affected the Russian economy since the start of the transition in the early 1990s. Four symptoms have been detected, namely: 1) a real exchange rate appreciation, 2) a temporary improved economic situation, 3) an output decline in the...

Persistent link: https://www.econbiz.de/10010323597

Structural breaks in Iron-Ore prices: The impact of the 1973 oil crisis

Angelov, Nikolay - 2006

This paper investigates the time-series properties of the price of iron ore. The focus is on testing a unit-root null hypothesis against a trend-stationary alternative, with a structural break allowed under both hypotheses. We consider unit-root tests with or without structural breaks, applied...

Persistent link: https://www.econbiz.de/10010321602

Does Oil Price Uncertainty Transmit to Stock Markets?

Ågren, Martin - 2006

The paper presents an empirical study of volatility spillover from oil prices to stock markets within an asymmetric … evidence of volatility spillover is found for all stock markets but the Swedish one, where only weak evidence is found. News … impact surfaces show that, although statistically significant, the volatility spillovers are quantitatively small. The stock …

Persistent link: https://www.econbiz.de/10010321644

Assessing the factors behind oil price changes

Dées, Stéphane; Gasteuil, Audrey; Kaufmann, Robert K.; … - 2008

The rapid rise in the price of crude oil between 2004 and the summer of 2006 are the subject of debate. This paper investigates the factors that might have contributed to the oil price increase in addition to demand and supply for crude oil, by expanding a model for crude oil prices to include...

Persistent link: https://www.econbiz.de/10011604901

Oil shocks and endogenous markups: results from an estimated euro area DSGE model

Sánchez, Marcelo - 2008

This paper estimates a linearised DSGE model for the euro area. The model is New Keynesian and allows for a role for oil usage and endogenous price markups. We find that the price markup reacts positively to the ratio of expected discounted profits to current output, which is normally seen to...

Persistent link: https://www.econbiz.de/10011604906

What drives U.S. current account fluctuations?

Barnett, Alina; Straub, Roland - 2008

We use a structural VAR with sign restrictions to jointly identify the impact of monetary policy, private absorption, technology and oil price shocks on current account fluctuations in the U.S.. We derive the sign restrictions from theoretical impulse response functions of a DSGE model with oil,...

Persistent link: https://www.econbiz.de/10011605005

Optimal monetary policy and the transmission of oil-supply shocks to the euro area under rational expectations

Adjemian, Stéphane; Darracq Pariès, Matthieu - 2008

both in terms to stabilization of underlying inflation and by causing unnecessary volatility in the macroeconomic landscape …

Persistent link: https://www.econbiz.de/10011605008