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Cadasters and Economic Growth: A Long-Run Cross-Country Panel Journal of Political Economy (IF 6.9) Pub Date : 2024-09-18 Michelle D’Arcy, Marina Nistotskaya, Ola Olsson
Journal of Political Economy, Ahead of Print.
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Private Monopoly and Restricted Entry—Evidence from the Notary Profession Journal of Political Economy (IF 6.9) Pub Date : 2024-09-18 Frank Verboven, Biliana Yontcheva
Journal of Political Economy, Ahead of Print.
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Construction minerals as part of an urban circular economy? A multi-scalar study of the city of Oslo and its hinterland Camb. J. Reg. Econ. Soc. (IF 5.6) Pub Date : 2024-09-17 Bjørnar Sæther
Flows of construction minerals in the Oslo region are studied in a multi-scalar perspective. Urban densification and construction of infrastructure result in large volumes of gravel and stone which according to law is waste. Waste is landfilled in the hinterland putting pressure on socio-ecological qualities. Lack of regional planning promoting circularity implies municipalities in the hinterland have
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Navigating challenges: lean inventory management and SMEs performance during the COVID-19 crisis and beyond Small Bus. Econ. (IF 6.5) Pub Date : 2024-09-16 Vivien Lefebvre
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Safe Assets Journal of Political Economy (IF 6.9) Pub Date : 2024-09-16 Markus K. Brunnermeier, Sebastian Merkel, Yuliy Sannikov
Journal of Political Economy, Ahead of Print.
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The importance of green patents for CDS pricing: The role of environmental disclosures Energy Econ. (IF 13.6) Pub Date : 2024-09-12 Sohanur Rahman
Corporate green innovation to address global climate change has potential spillover effects through positive financial outcomes. This study examines how the credit market takes green innovation, measured by the approval of green patents, into account to determine the credit default swap (CDS) premia. Using a sample of United States (US) firms from 2002 to 2020, this research finds that the CDS market
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Competition, Product differentiation and Crises: Evidence from 18 million securitized loans J. Financ. Econ. (IF 10.4) Pub Date : 2024-09-12 Peter Haslag, Kandarp Srinivasan, Anjan V. Thakor
RMBS sponsors contributed to the rise of new product features in securitized mortgages prior to the 2008 financial crisis. Using a regulatory shock to sponsor competition , we show securitization influences the design of mortgage contracts, empirically demonstrating a unique, feedback loop of product differentiation from the derived security (MBS) to the underlying asset (loans). Product differentiation
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Pricing of sustainability-linked bonds J. Financ. Econ. (IF 10.4) Pub Date : 2024-09-12 Peter Feldhütter, Kristoffer Halskov, Arthur Krebbers
We examine the pricing of sustainability-linked bonds (SLBs), where the cash flows depend on the bond issuer achieving one or more Environmental, Social and Governance (ESG) goals. Investors are willing to accept a 1–2bps lower yield due to the bond’s ESG label, providing evidence of investors caring about environmental impact. Furthermore, we find the average probability of missing the target is 14%–39%
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Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy Q. J. Econ. (IF 11.1) Pub Date : 2024-09-11 Peter Maxted, David Laibson, Benjamin Moll
We study the effect of monetary and fiscal policy in a heterogeneous-agent model where households have present-biased time preferences and naive beliefs. The model features a liquid asset and illiquid home equity, which households can use as collateral for borrowing. Because present bias substantially increases households’ marginal propensity to consume (MPC), present bias increases the impact of fiscal
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Greenflation, a myth or fact? Empirical evidence from 26 OECD countries Energy Econ. (IF 13.6) Pub Date : 2024-09-10 Changwoo Chung, Jinsoo Kim
Among the various effects of the green transition on the macroeconomy, we examined the unintended effects of the green transition on inflation, the so-called “greenflation”. We analyzed panel data from 26 OECD countries covering the period from 2005 to 2019 using four models based on the New Keynesian Phillips curve model. To date, only a few studies have examined greenflation, particularly in terms
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Quantile connectedness among fintech, carbon future, and energy markets: Implications for hedging and investment strategies Energy Econ. (IF 13.6) Pub Date : 2024-09-10 Xianfang Su, Jian He
This study proposes a novel framework to explore the quantile connectedness among fintech, carbon future, and energy markets with implications for hedging and investment strategies. We aim to construct portfolio strategies for extreme market conditions based on the results of quantile connectedness to address the complex price fluctuations in the energy markets. Using the daily data from January 4
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Assessing the impact of climate policies on equity risk under sustainable insurance: Cap-and-trade regulation, energy-saving technology subsidies, and carbon tariffs Energy Econ. (IF 13.6) Pub Date : 2024-09-10 Tinghui Lu, Xuelian Li, Jyh-Horng Lin, Ching-Hui Chang, Zhantong Cai
The paper presents a capped-call option framework for climate policies, highlighting cap-and-trade regulation, energy-saving technology subsidies, and carbon tariffs. It involves a life insurer providing green finance to a carbon-intensive manufacturer, examining their procurement of carbon allowances and export activities under cap-and-trade and carbon tariff systems, respectively. The main results
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Inferring local social cost from renewable zoning decisions. Evidence from Lower Austria’s wind power zoning Energy Econ. (IF 13.6) Pub Date : 2024-09-10 Sebastian Wehrle, Peter Regner, Ulrich B. Morawetz, Johannes Schmidt
Large infrastructures, such as wind turbines, may adversely affect their environment, so their deployment is often regulated. These regulations are frequently based on a dichotomy between areas considered feasible or infeasible areas for infrastructure deployment. To overcome the inability of such a binary distinction to adequately represent the involved economic trade-offs between, but also within
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Bank heterogeneity and financial stability J. Financ. Econ. (IF 10.4) Pub Date : 2024-09-10 Itay Goldstein, Alexandr Kopytov, Lin Shen, Haotian Xiang
We propose a model of the financial system in which banks are individually prone to runs and connected through fire sales. Strategic complementarities within and across banks amplify each other, making heterogeneity in bank risks a key factor shaping the fragility of each bank and the entire system. As long as different banks are interconnected, an increase in heterogeneity stabilizes all banks. Reductions
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Recent Referees Journal of Political Economy (IF 6.9) Pub Date : 2024-09-06
Journal of Political Economy, Volume 132, Issue 9, September 2024.
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JPE Turnaround Times Journal of Political Economy (IF 6.9) Pub Date : 2024-09-06
Journal of Political Economy, Volume 132, Issue 9, Page 3214-3214, September 2024.
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Front Matter Journal of Political Economy (IF 6.9) Pub Date : 2024-09-06
Journal of Political Economy, Volume 132, Issue 9, September 2024.
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Specialization and performance in private equity: Evidence from the hotel industry J. Financ. Econ. (IF 10.4) Pub Date : 2024-09-07 Christophe Spaenjers, Eva Steiner
Using granular data on U.S. hotel investments over the past two decades, we show that industry-specialist PE firms achieve higher net income from operations and higher capital gains from sale than generalist PE firms for comparable properties. Those results are driven by specialists implementing more and larger cost savings without compromising revenues. Fundamentally, specialists utilize their hotel-specific
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Intergenerational Insurance Journal of Political Economy (IF 6.9) Pub Date : 2024-09-05 Francesco Lancia, Alessia Russo, Tim Worrall
Journal of Political Economy, Ahead of Print.
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Forecasting photovoltaic production with neural networks and weather features Energy Econ. (IF 13.6) Pub Date : 2024-09-06 Stéphane Goutte, Klemens Klotzner, Hoang-Viet Le, Hans-Jörg von Mettenheim
In this paper, we address the refinement of solar energy forecasting within a 2-day window by integrating weather forecast data and strategically employing entity embedding, with a specific focus on the Multilayer Perceptron (MLP) algorithm. Through the analysis of two years of hourly solar energy production data from 16 power plants in Northern Italy (2020–2021), our research underscores the substantial
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Blooming in the cracks: productive entrepreneurship amid institutional voids Small Bus. Econ. (IF 6.5) Pub Date : 2024-09-05 Zeynab Aeeni, Mehrzad Saeedikiya, Kamal Sakhdari, Vahid J. Sadeghi
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Women-led ventures: target margins in emerging markets Small Bus. Econ. (IF 6.5) Pub Date : 2024-09-05 Natalia Cantet, Brian Feld, Estefany Peña-Rojas
In recent decades, though the number of female entrepreneurs has grown, a gender gap remains. Self-confidence plays a pivotal role in understanding these differences. We examine gender and target margins in a vast dataset spanning Latin America, the Caribbean, and Sub-Saharan Africa. We use linear and interval regression analysis to estimate the relationship between gender and setting target margins
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Digital equity and government support during COVID-19 Small Bus. Econ. (IF 6.5) Pub Date : 2024-09-05 Shabnam Kazembalaghi, Jerry Coakley, José M. Liñares-Zegarra, Silvio Vismara
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Does economic growth cause energy intensity of well-being in the very long run? Semi-parametric evidence for selected OECD countries Energy Econ. (IF 13.6) Pub Date : 2024-09-05 Ha Chi Le, Mita Bhattacharya, Russell Smyth, Xibin Zhang
We examine the effect of economic growth on the energy intensity of well-being (EIWB) for a panel of ten high income OECD countries during the period 1870–2020. To do so, we employ two semi-parametric panel data models; namely, the local linear dummy variable estimation (LLDVE) model and the time-varying structural equation model. Our estimates suggest that the relationship between economic growth
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Interconnectedness between electricity and artificial intelligence-based markets during the crisis periods: Evidence from the TVP-VAR approach Energy Econ. (IF 13.6) Pub Date : 2024-09-05 Imran Yousaf, Obaika M. Ohikhuare, Yong Li, Yanshuang Li
This paper examines the returns and volatilities connectedness between the electricity and AI-based markets using the Time-Varying Parameter Vector Autoregression (TVP-VAR) approach. Our sample covers the COVID-19 and Russia-Ukraine conflict-based sub-periods, and the time-varying results provide valuable insights into these two crisis episodes. Further, we estimate the determinants of returns and
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Heterogeneous effects of government energy assistance programs: Covid-19 lockdowns in the republic of Georgia Energy Econ. (IF 13.6) Pub Date : 2024-09-02 Anna Alberini, Levan Bezhanishvili, Milan Ščasný
During the Covid-19 pandemic, the governments of many countries adopted measures to support the population during the lockdowns and periods of reduced economic activity. In the Republic of Georgia, in April 2020 the government announced that it would pay the electricity bills of residential customers in April and May 2020, effectively making electricity free, as long as usage would not exceed 200 kWh/month
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Battery recycling and coordination in information leakage prevention under blockchain technology in a new energy vehicles supply chain Energy Econ. (IF 13.6) Pub Date : 2024-09-01 Yongxi Yi, Ao Fu, Yuqiong Li, Aoxiang Zhang
Retired battery recycling and information leakage prevention under blockchain introduction intertwine in the new energy vehicle (NEVs) supply chain, but rare literature has jointly investigated them. Therefore, we characterize the vehicle goodwill under recycling and marketing efforts as well as the automobile demand function with and without blockchain introduction, identify the long-run discounted
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(De)centralized governance and the value of platform-based new ventures: The moderating role of teams and transparency Small Bus. Econ. (IF 6.5) Pub Date : 2024-08-31 Pierluigi Martino, Tom Vanacker, Igor Filatotchev, Cristiano Bellavitis
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Systemic bank runs without aggregate risk: How a misallocation of liquidity may trigger a solvency crisis J. Financ. Econ. (IF 10.4) Pub Date : 2024-08-31 Lukas Altermatt, Hugo van Buggenum, Lukas Voellmy
We develop a general equilibrium model of self-fulfilling bank runs. The key novelty is the way in which the banking system’s assets and liabilities are connected. Banks issue loans to entrepreneurs who sell goods to households, which in turn pay for the goods by redeeming bank deposits. The return on bank assets is thus contingent on households being able to withdraw their deposits. In a run, not
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Energy, just transition, and sustainability: What's new? Energy Econ. (IF 13.6) Pub Date : 2024-08-30 Anna Creti, Zied Ftiti
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Assessing the value and risk of renewable PPAs Energy Econ. (IF 13.6) Pub Date : 2024-08-30 Julio Pombo-Romero, Oliver Rúas-Barrosa, Carlos Vázquez
Renewable Energy Power Purchase Agreements (RE PPAs) are considered to be a key tool in order to foster RE deployment, as they allow for the reduction of uncertainty for all parties as well as facilitating access to the long term finance required for such projects. Nevertheless, RE PPA adoption is hampered by a number of barriers, including the high level of guarantees demanded from offtakers, a problem
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Social Signaling and Childhood Immunization: A Field Experiment in Sierra Leone Q. J. Econ. (IF 11.1) Pub Date : 2024-08-30 Anne Karing
This paper explores the use of social signaling as a policy tool to sustainably affect childhood immunization. In a 26-month field experiment with public clinics in Sierra Leone, I introduce a verifiable signal—in the form of color-coded bracelets—given to children upon timely completion of the first four or all five required vaccinations. Signals increase parents’ belief in the visibility of their
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The risk and return of equity and credit index options J. Financ. Econ. (IF 10.4) Pub Date : 2024-08-30 Hitesh Doshi, Jan Ericsson, Mathieu Fournier, Sang Byung Seo
We develop a structural credit risk model, which allows us to price equity/credit indices and their options through the asset dynamics of index constituents. We estimate the model via MLE and find that equity and credit index option prices are well explained out-of-sample. Contrary to recent empirical findings, the two option markets are not inconsistently priced through the lens of our model. Returns
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The risk and return of impact investing funds J. Financ. Econ. (IF 10.4) Pub Date : 2024-08-30 Jessica Jeffers, Tianshu Lyu, Kelly Posenau
We provide the first analysis of the risk exposure and risk-adjusted performance of impact investing funds, private market funds with dual financial and social goals. We introduce a dataset of impact fund cash flows and exploit distortions in VC performance measures to characterize risk profiles. Impact funds have a lower market than comparable private market strategies. Accounting for , impact funds
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Modeling volatility in dynamic term structure models J. Financ. Econ. (IF 10.4) Pub Date : 2024-08-30 Hitesh Doshi, Kris Jacobs, Rui Liu
We propose no-arbitrage term structure models with volatility factors that follow GARCH processes. The models’ tractability is similar to canonical affine term structure models, but they fit yield volatility much better, especially for long-maturity yields. This improvement does not come at the expense of a deterioration in yield fit. Because of the improved volatility fit, the model performs substantially
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Inferring Trade-Offs in University Admissions: Evidence from Cambridge Journal of Political Economy (IF 6.9) Pub Date : 2024-08-28 Debopam Bhattacharya, Julia Shvets
Journal of Political Economy, Ahead of Print.
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Monetary policy and fragility in corporate bond mutual funds J. Financ. Econ. (IF 10.4) Pub Date : 2024-08-29 John Chi-Fong Kuong, James O’Donovan, Jinyuan Zhang
We document aggregate outflows from corporate bond mutual funds days before and after the announcement of increases in the Federal Funds Target rate (FFTar). To rationalize this phenomenon, we build a model in which funds’ net-asset-values (NAVs) are stale and investors strategically redeem to profit from the mispricing when they learn about the increases of FFTar. Consistent with the model’s predictions
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Accounting for the Widening Mortality Gap between American Adults with and without a BA Brookings Papers on Economic Activity (IF 2.7) Pub Date : 2024-08-28 Anne Case, Angus Deaton
We examine mortality differences between American adults with and without a four-year college degree over the period 1992 to 2021. Mortality patterns, in aggregate and across groups, can provide evidence on how well society is functioning, information that goes beyond aggregate measures of material well-being. From 1992 to 2010, both educational groups saw falling mortality, but with greater improvements
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Global Transmission of Fed Hikes: The Role of Policy Credibility and Balance Sheets Brookings Papers on Economic Activity (IF 2.7) Pub Date : 2024-08-28 Şebnem Kalemli-Özcan, Filiz Unsal
Contrary to historical episodes, the 2022–2023 tightening of US monetary policy has not yet triggered financial crisis in emerging markets. Why is this time different? To answer this question, we analyze the current situation through the lens of historical evidence. In emerging markets, the financial channel–based transmission of US policy historically led to more adverse outcomes compared to advanced
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Surging Business Formation in the Pandemic: Causes and Consequences? Brookings Papers on Economic Activity (IF 2.7) Pub Date : 2024-08-28 Ryan A. Decker, John Haltiwanger
Applications for new businesses surprisingly surged during the COVID-19 pandemic, rising the most in industries rooted in pandemic-era changes to work, lifestyle, and business. The unexpected surge in applications raised questions about whether a surge in actual new employer businesses would follow. Evidence now shows increased employer business entry with notable associated job creation; and industries
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Wage-Price Spirals Brookings Papers on Economic Activity (IF 2.7) Pub Date : 2024-08-28 Guido Lorenzoni, Iván Werning
We interpret recent inflation experience through the lens of a New Keynesian model with price and wage rigidities and nonlabor inputs in inelastic supply. The model provides a natural interpretation of some features of the recent episode: an initial surge of noncore inflation, followed by a lagged response of core inflation and a further lagged, persistent response of wage inflation. The model also
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The Power of Substitution: The Great German Gas Debate in Retrospect Brookings Papers on Economic Activity (IF 2.7) Pub Date : 2024-08-28 Benjamin Moll, Moritz Schularick, Georg Zachmann
The Russian attack on Ukraine in February 2022 laid bare Germany's dependence on Russian energy imports and ignited a heated debate on the costs of a cutoff from Russian gas. While one side predicted economic collapse, the other side (ours) predicted "substantial but manageable" economic costs due to households and firms adapting to the shock. Using the empirical evidence now at hand, this paper studies
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Exploring the sources of systemic risk and trading strategies in energy and stock markets Energy Econ. (IF 13.6) Pub Date : 2024-08-28 Jiayu Jin, Liyan Han, Lei Wu, Hongchao Zeng
This study aims to investigate the impact of the energy transition on asset pricing by analyzing the different sources of systemic risk in a comprehensive system of one traditional energy ETF, one clean energy ETF, seven oil-exporting country ETFs, and six oil-importing country ETFs. We find that shocks to the traditional (clean) energy market are the primary source of short-term (long-term) systemic
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Small business stories in the formation of enterprise policy: a narrative policy analysis of the UK Bolton Committee Small Bus. Econ. (IF 6.5) Pub Date : 2024-08-27 Robert Wapshott, Oliver Mallett
Enterprise policy, which seeks to stimulate start-ups and support small businesses, attracts significant investment from government and shapes the context for entrepreneurs. Researchers have begun to study the processes underlying the formulation of enterprise policy. However, accounts of how competing interests seek to influence enterprise policymaking processes remain rare. Utilising a distinctive
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What are the costs of rigidity? A general equilibrium study of the fuel market in Argentina Energy Econ. (IF 13.6) Pub Date : 2024-08-26 Juan Ignacio Mercatante
The policy that is most widely applied to the biofuel market in the world is the mandatory blend. This policy aims to induce the use of biofuels by setting a minimum level of biofuel per unit of blended fuel. This paper studies the costs and benefits of such a policy. To do so, a Recursive Computable General Equilibrium model (CGE), calibrated with a new own-developed energy-oriented Social Accounting
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Impacts of state tax and resource ownership policies on extraction: Evidence from U.S. natural gas production Energy Econ. (IF 13.6) Pub Date : 2024-08-26 Pinky Thomas, Alan Collins, Xiaoli Etienne, Douglas Mugabe
We analyze the impact of different state tax structures and resource ownership policies on natural and shale gas production. Using state-level, quarterly data from seven of the largest shale gas-producing states from 2007 to 2020, we find evidence that both the type of taxation method and the presence of a forced pooling law impact natural gas production. Using random effects models, we find that impact
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Extreme co-movements between CO2 emission allowances and commodity markets and their response to economic policy uncertainty Energy Econ. (IF 13.6) Pub Date : 2024-08-26 Xunfa Lu, Pengchao He, Zhengjun Zhang, Nicholas Apergis
This study employs the generalized extreme value - autoregressive conditional Fréchet - tail quotient correlation coefficient (GEV-AcF-TQCC) analytical framework to investigate the extreme co-movements between the EU carbon futures market and the commodity futures market. Subsequently, it also examines the response of the dynamic tail quotient correlation coefficient (TQCC) values to economic policy
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Economic activities, dry bulk freight, and economic policy uncertainties as drivers of oil prices: A tail-behaviour time-varying causality perspective Energy Econ. (IF 13.6) Pub Date : 2024-08-25 Hemachandra Padhan, Mustafa Kocoglu, Aviral Kumar Tiwari, Ilham Haouas
This paper examines the dynamic impact of economic activity, Baltic dry bulk and economic policy uncertainty on oil prices. Drawing on demand-side economic theory, we focus on how economic activity and economic policy uncertainty drive oil prices and subsequently contribute to the formation of market equilibrium. In this context, we first introduce a unidirectional quantile and time-varying Granger-causality
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Uncertainty about what is in the price J. Financ. Econ. (IF 10.4) Pub Date : 2024-08-24 Joël Peress, Daniel Schmidt
A critical question facing speculators contemplating to trade on private information is whether their signal has already been priced in by the market. In our model, speculators assess the novelty of their information based on recent price movements, and market makers are aware that speculators might be trading on stale news. An asymmetric response to past price movements ensues: after price increases
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Investment grants and firms’ productivity: how effective is a grant booster shot? Small Bus. Econ. (IF 6.5) Pub Date : 2024-08-22 Fernando Alexandre, Miguel Chaves, Miguel Portela
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Recent Referees Journal of Political Economy (IF 6.9) Pub Date : 2024-08-21
Journal of Political Economy, Volume 132, Issue 8, August 2024.
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JPE Turnaround Times Journal of Political Economy (IF 6.9) Pub Date : 2024-08-21
Journal of Political Economy, Volume 132, Issue 8, Page 2880-2880, August 2024.
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Front Matter Journal of Political Economy (IF 6.9) Pub Date : 2024-08-21
Journal of Political Economy, Volume 132, Issue 8, August 2024.
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A note on the uniqueness of Nash–Cournot equilibria in an oligopolistic energy market with renewable generation and demand uncertainty Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Benjamin Chaiken, Joseph E. Duggan Jr.
This work explores the uniqueness of Nash–Cournot equilibria in wholesale electricity markets with both thermal and renewable generation in the presence of demand uncertainty. Criteria guaranteeing a unique equilibrium are derived for an energy market where each firm owns a share of renewable generation. This work expands upon the uniqueness results proven by Lagerlöf (2006) to incorporate the presence
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Trilemma or Trinity? The nexus of economic growth, circular economy and net zero Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Parantap Basu, Tooraj Jamasb, Anupama Sen
How can economies achieve economic growth without causing negative environmental externalities? There are two aspects to the long-standing debate on ‘sustainable growth’. A first-best solution is for economies to replace fossil fuels with renewable energy sources, mitigating carbon emissions. A second-best solution is to also adopt efficient waste management, recycling residual waste and pollutants
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Was the German fuel discount passed on to consumers? Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Mats Petter Kahl
In this article, I analyze whether German gasoline stations passed on the gasoline tax reduction to consumers. I use a difference-in-differences approach with France as the control group, as well as data for all countries in the European Union. The German fuel discount was in effect from June to August 2022. As I am the first to use complete French and German high-frequency data for the entire treatment
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Interactions between sustainable bonds, renewable energy and other financial markets: A macroprudential perspective Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Lisa Sheenan, Koen Schweers, Tony Klein
We analyse linkages between sustainable bond markets and a number of key financial markets in Europe, namely corporate bond, sovereign bond, renewable energy, equity and volatility markets. We apply a novel empirical approach using zero-volatility spreads (z-spreads) as a measure of relative bond performance to adjust for the sensitivity of bond prices to changes in interest rates. We model these linkages
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Public investment on renewable energy R&D Projects: The role of geopolitical risk, and economic and political uncertainties Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Tin Hei Alpha Yuen, Wai Kee Thomas Yuen
Recently, there has been growing concern about the impacts of geopolitical tension as well as economic and political uncertainties on the decision-making process of governments when it comes to allocating resources for renewable energy R&D. This paper employs the panel autoregressive distributed lag (ARDL), cross-sectional panel autoregressive distributed lag (CS-ARDL) and Fully Modified Ordinary Least
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A novel integrated method for improving the forecasting accuracy of crude oil: ESMD-CFastICA-BiLSTM-Attention Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Zisheng Ouyang, Min Lu, Zhongzhe Ouyang, Xuewei Zhou, Ren Wang
The volatility of crude oil price can significantly impact the stability of the crude oil market and even the global economy. Effectively predicting global crude oil price and volatility provides a scientific basis for decision-making for market regulators and investors worldwide, promoting the sound development of the global economy. In this study, we integrate signal processing with deep learning
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Assessing a fuel subsidy: Dynamic effects on retailer pricing and pass-through to consumers Energy Econ. (IF 13.6) Pub Date : 2024-08-22 Jacint Balaguer, Jordi Ripollés
This paper aims to investigate whether fuel retailers strategically increased prices following a subsidy intended to cover a mandatory discount and to assess its impact on transmission to consumers. Introduced by the Spanish government in April 2022 to counter soaring fuel prices resulting from the Ukraine conflict, the impact of this subsidy is analyzed using a nonlinear autoregressive distributed