Showing 1 - 10 of 12
green the energy matrix on wholesale electricity prices are first order. CO2 permit prices strongly impact electricity … prices, as do the prices of source energy commodities. And carbon permit prices' impact has clearly increased post-2021 … (particularly for baseload prices). Among energy sources, natural gas has the largest effect on electricity prices. Importantly, the …
Persistent link: https://www.econbiz.de/10013353419
assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …
Persistent link: https://www.econbiz.de/10010531821
becoming terrorists when representing regions rich in oil. This effect is enhanced for groups already enjoying regional …
Persistent link: https://www.econbiz.de/10011307084
In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model … endogenously accounts for periods where oil and natural gas temporarily decouple due to gas specific pricing. We show that gas … the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …
Persistent link: https://www.econbiz.de/10010328789
In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil … indicate that world GDP is the main driver of long-run oil prices, however, supply (depletion) factors have become more …
Persistent link: https://www.econbiz.de/10010328808
power if their country is oil-poor, but can stay in power by bribing the people if their country is oil-rich. Dictators from …
Persistent link: https://www.econbiz.de/10010290744
Hamilton (2018) suggests that the Kilian (2009) index of global real economic activity is misleading and calls for alternative measures. The problem documented by Hamilton is a consequence of a coding mistake. Specifically, the index of nominal freight rates underlying the Kilian index was...
Persistent link: https://www.econbiz.de/10012018152
to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas …
Persistent link: https://www.econbiz.de/10012493024
When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …-specific (decoupled). We find that UK natural gas (ICE) and oil (Brent) are cointegrated for the majority of the sample considered (1997 …
Persistent link: https://www.econbiz.de/10010500401
A new procedure to trace the sources of contagion in the oil-finance nexus is proposed. We do this by consolidating … veteran rules derived from the empirical oil literature to filter oil supply, global demand, and oil demand shocks into … for systemic risk assessment in countries vulnerable to oil market shocks. We illustrate the procedure using the dynamic …
Persistent link: https://www.econbiz.de/10012179724