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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
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
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
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 … deployment also is accelerated by strongly decreasing costs of these technologies. Deployment, on the other hand leads to cost …
Persistent link: https://www.econbiz.de/10010902700
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
international Post-Kyoto agreement until 2015. There is strong evidence from model-based analysis that economic costs of reaching …
Persistent link: https://www.econbiz.de/10010887901