This analysis deploys the concept of national energy cost share, a practical indicator that measures the ratio of energy costs to gross domestic product (GDP), and uses a dataset covering 142 countries over a 40-year period. It examines how national energy cost shares evolve in response to...

This paper presents a novel model comparison to examine the challenges posed by changes in carbon-intensive energy prices for monetary policy. The employed environmental monetary models have a detailed multi-sector structure. The comparison assesses the effects of both a temporary and a...

Amidst global decarbonization dynamics, Artificial Intelligence (AI), the Digital economy, and energy prices are shaping the energy transition in a way that has never been more critical. Using MMQR and IVQR, this research investigates the effects of AI, research and development (R&D), and energy...

Energy poverty describes a condition of energy-related social deprivation, usually associated with inadequate access to energy services, unfulfilled basic energy needs, or excessive payment for energy. Despite substantial progress in the research, a significant theoretical divergence still...

This paper evaluates the temporary reduction in energy taxes implemented by the German government between June and September 2022. We use pricing and quantity data from the wholesale market for crude oil, gasoline, and diesel and find an average pass through of 80% to 85% of the tax cut, which...

This study explores the intricate links between remittance inflow and energy consumption in South Asia, a region characterized by high levels of migration abroad and remittance inflows. The present study provides a thorough analysis of vigorous energy utilization in the context of South Asian...

In 2021 and particularly in 2022, gas prices rose sharply in Europe due to Russia's invasion of Ukraine and the previous throttling of Russian gas supply to Western Europe. Because of the merit-order system, this also led to an increase in electricity prices in Austria and in many other EU...

This paper evaluates the temporary reduction in energy taxes implemented by the German government between June and September 2022. We use pricing and quantity data from the wholesale market for crude oil, gasoline, and diesel and find an average pass through of 80% to 85% of the tax cut, which...

Aggregate price shocks can lead to significant inequality in losses both across and within income groups. This creates a trade-off between supporting households through subsidies, which target those most affected but introduce inefficiencies, and transfers, which are less distortionary but...

Governments around the world are under pressure to reduce industrial energy use and emissions without losing out to international competition. For this reason, climate policies often come with exemptions or additional support for large energyintensive firms, increasing the heterogeneity in...

Despite the increasing demand for electric vehicles (EVs) and the associated charging stations, the variances in EV charging station models and diversity of energy costs have not been effectively studied to date. Therefore, this study examines the financial viability of EV charging stations in...

This paper develops a stock-flow consistent (SFC) macroeconomic model with an energy sector for China to investigate the effect of green policies on green transition and the economy. We provide an analytical solution for green transition that illustrates the relative cost of using conventional...

Energy poverty (hereinafter referred to as EP), as a new type of poverty, is an important challenge affecting energy availability and energy equity, which will lead to multiple deprivation-poverty effects, including economic, social, and ecological. In this paper, a time-varying DID model is...

Recent global crises, such as COVID-19 and the Russia-Ukraine War, have accelerated efforts to reduce dependency to fossil fuels due to soaring prices. This research aims to identify the key factors such as climate, electricity and gas price, GDP, renewable energy use, population and COVID-19...

This paper identifies electricity supply shocks by exploiting the fact that variations in wind speed at turbine locations are exogenous with respect to macroeconomic outcomes and drive electricity prices in European wholesale markets inframarginally. Instrumenting electricity price changes with...