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on Energy Economics |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:sce:scecfa:235&r=ene |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:sce:scecfa:49&r=ene |
| By: | Fiorella de Fiore |
| Keywords: | oil price shocks; montary policy; fiscal policy; DSGE |
| JEL: | E32 E52 E63 F41 |
| Date: | 2006–07–04 |
| URL: | http://d.repec.org/n?u=RePEc:sce:scecfa:402&r=ene |
| By: | M. Ratto (European Commission DG JRC) |
| Keywords: | DSGE, estimation, oil prices |
| JEL: | E37 C11 C52 |
| Date: | 2006–07–04 |
| URL: | http://d.repec.org/n?u=RePEc:sce:scecfa:386&r=ene |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:sce:scecfa:18&r=ene |
| 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 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wbrwps:3960&r=ene |
| 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. |
| URL: | http://d.repec.org/n?u=RePEc:qeh:qehwps:qehwps127&r=ene |