nep-ene New Economics Papers
on Energy Economics
Issue of 2006‒07‒15
seven papers chosen by
Roger Fouquet
Imperial College, UK

  1. Modeling the strategic trading of electricity assets By Derek W. Bunn; Fernando S. Oliveira
  2. Oil crisis, Energy Saving Technological Change, and the Stock Market Collapse of 1974 By Adrian Peralta-Alva
  3. Oil Price Shocks, Monetary Policy Rules and Welfare. By Fiorella de Fiore
  4. Impact of oil prices in an estimated EU12 open economy model By M. Ratto
  5. Inflation Premium and Oil Price Volatility By Paul Castillo; Carlos Montoro
  6. The impact of energy price changes in Moldova By Tiongson, Erwin R.; Pushak, Taras; Ostojic, Dejan; Mori, Hideki; Bouton, Lawrence; Baclajanschi, Iaroslav
  7. Collective Action Frames and Policy Windows: The Case of the Project to Export Liquefied Natural Gas from Bolivia to California By J Carlos Dominguez (QEH)

  1. By: Derek W. Bunn (London Business School); Fernando S. Oliveira (Operational Research and Systems Warwick Business School)
    Keywords: Competitive advantage, computational learning, auctions, asset trading, simulation, electricity markets
    JEL: L14 C72 C73 L94
    Date: 2006–07–04
  2. By: Adrian Peralta-Alva (Department of Economics University of Miami)
    Keywords: Stock Market, Energy Prices, Tobin's q
    JEL: E22 O33 Q43
    Date: 2006–07–04
  3. By: Fiorella de Fiore
    Keywords: oil price shocks; montary policy; fiscal policy; DSGE
    JEL: E32 E52 E63 F41
    Date: 2006–07–04
  4. By: M. Ratto (European Commission DG JRC)
    Keywords: DSGE, estimation, oil prices
    JEL: E37 C11 C52
    Date: 2006–07–04
  5. By: Paul Castillo (London School of Economics London School of Economics); Carlos Montoro
    Keywords: Phillips Curve, Second Order Solution, Oil Price Shocks, Endogenous Trade-off
    JEL: E52 E42 E12 C63
    Date: 2006–07–04
  6. By: Tiongson, Erwin R.; Pushak, Taras; Ostojic, Dejan; Mori, Hideki; Bouton, Lawrence; Baclajanschi, Iaroslav
    Abstract: In January 2006 the price of natural gas supplied to Moldova increased from $80 to $110 per thousand cubic meters (mcm). Prices may increase further in the near future, putting additional pressure on the economy and leading to adverse effects on the poorest households. This study examines the potential impact of higher energy prices on the economy of Moldova by simulating the likely macroeconomic consequences of recent and future price increases. Moreover, it estimates the direct impact on individual households using data drawn from the 2004 Household Budget Survey. It assesses the distributional implications of the price shock, noting how the social impact may vary depending on the intensity of energy use, geographic location, and the relative share of energy in household expenditure. The results suggest that energy price changes could dampen economic growth while putting additional strains on the current account deficit. The impact on the poorest households could be significant and protecting them may require resources in the amount of 0.7 to 1.7 percent of GDP. This study identifies possible policy responses to dampen the shock of the energy price increase and to promote the longer-term objective of reducing energy vulnerability.
    Keywords: Energy Production and Transportation,Environment and Energy Efficiency,Energy and Environment,Markets and Market Access,Transport and Environment
    Date: 2006–07–01
  7. By: J Carlos Dominguez (QEH)
    Abstract: How and why can a political mobilisation prevent what appears to be an economically rational and beneficial government investment? The present paper explores the ways in which both public policy and contentious politics theories can be potentially bridged to answer this question. It suggests ways in which concepts used by public policy theorists such as 'policy windows' (Kingdon, 1984) or 'advocacy coalitions' (Sabatier, 1999) may be useful to understand the emergence of political opportunities or the construction of collective action frames. The case study to be used is the project to export liquefied gas from Bolivia to California, which was promoted by the administration of Gonzalo Sánchez de Lozada in 2002 and was cancelled after civil society groups not only mobilise to resist it, but to demand the resignation of the president.

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