Sunday, May 4, 2025
From a paper by Magdalena Cornejo, Michelle Hallack, and David Matias:
“This paper examines the role of renewable electricity adoption in mitigating the impact of international fossil fuel price shocks on inflation in Latin America and the Caribbean (LAC), the region with the highest proportion of renewables in its energy mix. Utilizing data from 18 LAC countries spanning 2005 to 2021, we show that renewable electricity significantly reduces the transmission of fossil fuel price shocks to both energy-specific and overall inflation. Our findings indicate that countries with larger shares of renewable electricity generation experience notably smaller inflationary impacts in response to fluctuations in global oil prices. These results underscore the positive externalities of renewable energy investment, particularly its potential to reduce the transmission of global energy price volatility to local inflation.”
From a paper by Magdalena Cornejo, Michelle Hallack, and David Matias:
“This paper examines the role of renewable electricity adoption in mitigating the impact of international fossil fuel price shocks on inflation in Latin America and the Caribbean (LAC), the region with the highest proportion of renewables in its energy mix. Utilizing data from 18 LAC countries spanning 2005 to 2021, we show that renewable electricity significantly reduces the transmission of fossil fuel price shocks to both energy-specific and overall inflation.
Posted by 11:39 AM
atLabels: Energy & Climate Change
From a paper by Moayad Al Rasasi, and Hussain Alramadan:
“This paper analyzes the symmetric and asymmetric effects of global food prices on domestic consumer prices in Saudi Arabia based on monthly data ranging from January 1990 to November 2023. The domestic consumer price data for Saudi Arabia were obtained from the International Financial Statistics of the International Monetary Fund, whereas the global food prices were downloaded from the Food and Agriculture Organization of the United Nations. Unlike in previous studies that focused on this topic in Saudi Arabia, this paper accounts for nonlinearity in the analysis. First, on the basis of the linear autoregressive distributed lag model, the empirical results show that increasing global food prices by 1% pushes domestic prices higher by 0.56%. Moreover, with respect to nonlinearity, the estimated results based on the nonlinear autoregressive distributed lag model reveal that the impact of increasing global food prices is greater and more significant than the insignificant effect of falling global food prices. In other words, a rise in global food prices by 1.0% leads to a substantial increase in domestic prices by approximately 0.47%. However, falling global food prices do not substantially impact domestic prices.”
From a paper by Moayad Al Rasasi, and Hussain Alramadan:
“This paper analyzes the symmetric and asymmetric effects of global food prices on domestic consumer prices in Saudi Arabia based on monthly data ranging from January 1990 to November 2023. The domestic consumer price data for Saudi Arabia were obtained from the International Financial Statistics of the International Monetary Fund, whereas the global food prices were downloaded from the Food and Agriculture Organization of the United Nations.
Posted by 11:38 AM
atLabels: Inclusive Growth
Saturday, May 3, 2025
On cross-country:
Working papers and conferences:
On Australia and New Zealand:
On other countries:
On cross-country:
Posted by 5:00 AM
atLabels: Global Housing Watch
Friday, May 2, 2025
From a paper by Raúl Ramos Lobo, Esteve Sanromà, and Runhan Ye:
“Reducing unemployment is still a priority for many governments. The objective of this paper is to analyse whether labour market reforms have succeeded in lowering the level of output growth required to reduce unemployment. With this aim, we estimate time-varying thresholds based on a first-difference version of Okun’s law for 25 countries and, then we analyse whether 32 labour reforms have contributed to reducing thresholds. The results show a high heterogeneity of thresholds among countries, but also that thresholds have shown a clear decreasing trend, mainly due to the evolution of the labour force and productivity in these countries. We also find that in 21 of the 32 considered labour market reforms, they have been effective in reducing the value of the threshold. Both results are clearly relevant from a policy perspective.”
From a paper by Raúl Ramos Lobo, Esteve Sanromà, and Runhan Ye:
“Reducing unemployment is still a priority for many governments. The objective of this paper is to analyse whether labour market reforms have succeeded in lowering the level of output growth required to reduce unemployment. With this aim, we estimate time-varying thresholds based on a first-difference version of Okun’s law for 25 countries and, then we analyse whether 32 labour reforms have contributed to reducing thresholds.
Posted by 8:46 AM
atLabels: Inclusive Growth
From a paper by Richard Schmitz, Franziska Flachsbarth, Leonie Sara Plaga, Martin Braun, and Philipp Härtel:
“Recent events, including the pandemic, geopolitical conflicts, supply chain disruptions, and climate
change impacts, have exposed the critical need to ensure energy security and resilience in energy
systems. We review existing definitions and interrelations between energy security and resilience,
conceptualising these terms in the context of energy system transformations. We introduce a classification of disturbances into shock events and slow burn processes to highlight key challenges to energy system resilience. Examples illustrate their distinct impacts on technical, economic, and environmental system performance over time. We compile relevant recourse options across resilience capacity levels and system planning horizons to address these challenges, emphasising actionable strategies for an increasingly integrated energy system. Finally, we propose policy recommendations to integrate shock events and slow burn processes into future energy system planning, enabling forward-looking decision-making and system design to analyse and mitigate potential disruptions.”
From a paper by Richard Schmitz, Franziska Flachsbarth, Leonie Sara Plaga, Martin Braun, and Philipp Härtel:
“Recent events, including the pandemic, geopolitical conflicts, supply chain disruptions, and climate
change impacts, have exposed the critical need to ensure energy security and resilience in energy
systems. We review existing definitions and interrelations between energy security and resilience,
conceptualising these terms in the context of energy system transformations. We introduce a classification of disturbances into shock events and slow burn processes to highlight key challenges to energy system resilience.
Posted by 8:44 AM
atLabels: Energy & Climate Change
Subscribe to: Posts