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Connectedness Cycles in Equity Markets: A Wavelet Approach

Schmidbauer, Harald; Rösch, Angi; Uluceviz, Erhan - EcoMod Network - 2012

The connectedness of international equity markets can be measured building on the well-established forecast error variance decomposition framework. This approach permits the assessment of the propagation of shocks (spillovers) across equity markets on a day-to-day basis. The focus of our...

Persistent link: https://www.econbiz.de/10010902532

DIVERGENT OPTIMAL INFLATION RATES IN EURO AREA COUNTRIES OR "DOES ONE SIZE FIT ALL?"

Caraballo, Mª Ángeles; Efthimiadis, Tilemahos - EcoMod Network - 2012

The aim of this paper is to derive the optimal inflation rate for the Euro Area (EA) countries from the relationship between relative price variability (RPV). In order to achieve the above stated goal, we have utilized monthly data for the Harmonized Index of Consumer Prices between January 1997...

Persistent link: https://www.econbiz.de/10010902567

Credit Rating Agency Downgrades and the Eurozone Sovereign Debt Crises

Baum, Christopher; Karpava, Margarita; Schäfer, Dorothea; … - EcoMod Network - 2014

This paper studies the impact of credit rating agency (CRA) downgrade announcements on the value of the Euro and the yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011-2012.GARCH modeling of sovereign bond yields and...

Persistent link: https://www.econbiz.de/10010902601

Green change – endogenizing technical progress in the renewable power generation sector

Wiebe, Kirsten Svenja; Lehr, Ulrike; Lutz, Christian - EcoMod Network - 2013

Renewable energy deployment is growing rapidly on a global scale. China, Germany, Japan and the US are among the … countries with highest capacity of renewables installed. In Germany, for example, the large growth in renewable power generation …. & Edler, D. (2012): Green jobs? Economic impacts of renewable energy in Germany. Energy Policy 40, DOI 10.1016/j.enpol.2012 …

Persistent link: https://www.econbiz.de/10010902700

Modelling long-run energy consumption under model uncertainty

Humer, Stefan; Csereklyei, Z. - EcoMod Network - 2012

The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...

Persistent link: https://www.econbiz.de/10010886612

Consumer responsibilities of carbon emissions in a post-Kyoto regime until 2020

Wiebe, Kirsten Svenja; Lutz, Christian - EcoMod Network - 2012

COP17 in Durban revealed once again the general willingness to commit to the 2°-target and the difficulty to reach an international Post-Kyoto agreement until 2015. There is strong evidence from model-based analysis that economic costs of reaching the 2°-target will be below global GDP growth...

Persistent link: https://www.econbiz.de/10010887901