In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices … the EUA price and its fundamentals varies over time. In particular, we are able to identify a low and a high volatility … regime, both showing a strong impact of the fundamentals on the EUA price. The high volatility regime is predominant during …

fundamentals to rationalize the pricing of currencies, which are partly driven by unobservable shocks. Using novel survey data …

In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices … the EUA price and its fundamentals varies over time. In particular, we are able to identify a low and a high volatility … regime, both showing a strong impact of the fundamentals on the EUA price. The most important EUA price drivers are changes …

the context studied here, history does not matter for city growth. Our results suggest that the locational fundamentals …

role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange … rate mainly danced to its own tune, with a particularly low explanatory power for macroeconomic fundamentals. Among the few …

unique long-run relationship between the nominal exchange rate and the traditional monetary fundamentals (money supply …