The Economic Effects Of The Iberian Exception

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The Economic Effects Of The Iberian Exception

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Author : Miguel Haro Ruiz
language : en
Publisher:
Release Date : 2023

The Economic Effects Of The Iberian Exception written by Miguel Haro Ruiz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

The Iberian Exception

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Author : David Robinson
language : en
Publisher:
Release Date : 2023

The Iberian Exception written by David Robinson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

This paper by David Robinson, Angel Arcos, Michael Tennican and Fernando Núnez offers an independent assessment of certain key economic effects of the Iberian Exception (IE), the common name for legal measures affecting the Iberian power market that were introduced in June 2022 by the Spanish and Portuguese governments. The governments' stated aim was to reduce the major component of electricity prices for many Iberian consumers, a component which was indexed to Iberian wholesale power market spot prices that were rising alarmingly due to extremely tight international markets for natural gas. According to the Iberian governments, this objective was to be attained by terms of the IE that subsidize a reduction in wholesale power market prices, with the subsidy financed in part by a new element added to the bills of consumers benefiting from that wholesale price reduction. Another Spanish governmental aim was to reduce the Government's published measure of inflation, which was linked to a regulated retail price indexed to Iberian wholesale spot power market prices. The Spanish Government maintains that, during its first 100 days, the IE provided substantial benefits for consumers affected by the IE, which included over 10 million small consumers as well as many large ones. However, the authors of this study question that view. We argue that the effect of the IE on retail prices depends critically on the assumptions about what would have occurred in the absence of the IE, that is, in a counterfactual scenario. The Government's counterfactual methodology ignores demand elasticity in Iberia and in France, and this inflates their estimate of immediate consumer benefits. Using hourly data on the wholesale electricity market for the first 100 days of the IE, this paper's analysis of alternative counterfactuals that reflect the effects of demand elasticity shows substantially lower benefits of the IE for consumers than the Spanish Government methodology suggests. The analysis here suggests that affected consumers could have paid somewhat less for the energy component of their electricity bills in the first 100 days of the IE, had it not been introduced. We also identify several other potential short- and long-term effects of the IE that deserve further study. These include increased margins for fossil-fired generators, reduced margins for some decarbonized inframarginal plant, heightened investor perceptions of regulatory risk, weakened incentives for efficient consumption, and higher carbon emissions and gas prices.

Iberian World Empires And The Globalization Of Europe 1415 1668

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Author : Bartolomé Yun-Casalilla
language : en
Publisher: Springer
Release Date : 2019-03-13

Iberian World Empires And The Globalization Of Europe 1415 1668 written by Bartolomé Yun-Casalilla and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-13 with History categories.

This open access book analyses Iberian expansion by using knowledge accumulated in recent years to test some of the most important theories regarding Europe’s economic development. Adopting a comparative perspective, it considers the impact of early globalization on Iberian and Western European institutions, social development and political economies. In spite of globalization’s minor importance from the commercial perspective before 1750, this book finds its impact decisive for institutional development, political economies, and processes of state-building in Iberia and Europe. The book engages current historiographies and revindicates the need to take the concept of composite monarchies as a point of departure in order to understand the period’s economic and social developments, analysing the institutions and societies resulting from contact with Iberian peoples in America and Asia. The outcome is a study that nuances and contests an excessively-negative yet prevalent image of the Iberian societies, explores the difficult relationship between empires and globalization and opens paths for comparisons to other imperial formations.

2nd Italian Conference On Economic Statistics Ices 2024 Statistical Analysis Of Complex Economic Data Recent Developments And Applications Book Of Short Papers

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Author : AA.VV
language : en
Publisher: Casa Editrice Bonechi
Release Date : 2024-07-05

2nd Italian Conference On Economic Statistics Ices 2024 Statistical Analysis Of Complex Economic Data Recent Developments And Applications Book Of Short Papers written by AA.VV and has been published by Casa Editrice Bonechi this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-05 with Business & Economics categories.

In the most recent years, Economic Statistics, like other applied and non-applied sciences, has been involved in the new intense data revolution, which regards all research fields, especially for data collection and data processing issues. The traditional statistical measures, used to monitor economic activities, are transformed from slow and periodic recordings into real-time information, with the need to integrate different sources of information. Complex data offer additional information to analyse economic phenomena, although main problems are still open questions regarding methodological issues, costs of collection, storing and analysis. In the light of this new scenario, the 2nd Conference on Economic Statistics “Statistical Analysis of Complex Economic Data: recent developments and applications”, which occurred in Florence on 7-8 February 2024, aimed to discuss the management and the usefulness of complex data in the analysis of economic phenomena, focusing on the recent developments and empirical applications. This Book of Short Papers includes 40 contributions presented and discussed during the Conference, offering the reader a summary of the contents of the Conference.

European Integration And The Iberian Economies

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Author : George N. Yannopoulos
language : en
Publisher: Springer
Release Date : 1989-06-18

European Integration And The Iberian Economies written by George N. Yannopoulos and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-06-18 with Business & Economics categories.

An examination of the issues raised by the choice of trade strategies for the promotion of industrialization and economic growth by focusing on the experience of the Iberian economies during the process of their phased integration with the European Community.

The Impact Of The Roman Army 200 B C A D 476 Economic Social Political Religious And Cultural Aspects

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Author : Lukas de Blois
language : en
Publisher: BRILL
Release Date : 2007-07-30

The Impact Of The Roman Army 200 B C A D 476 Economic Social Political Religious And Cultural Aspects written by Lukas de Blois and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-30 with History categories.

This sixth volume of the network Impact of Empire offers a comprehensive reading on the economic, political, religious and cultural impact of Roman military forces on the regions that were dominated by the Roman Empire.

Oecd Economic Surveys Spain 2023

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2023-10-25

Oecd Economic Surveys Spain 2023 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-25 with categories.

Spain implemented sizable measures to cushion the impact of the pandemic and of the inflationary shock after Russia’s war of aggression against Ukraine. The economy has held up well, but public debt, which was already high, has increased because of the pandemic, making it urgent to step up the pace of fiscal consolidation.

Economic Decisions Of The Civil Aeronautics Board

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Author : United States. Civil Aeronautics Board
language : en
Publisher:
Release Date : 1967

Economic Decisions Of The Civil Aeronautics Board written by United States. Civil Aeronautics Board and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Aeronautics, Commercial categories.

Oecd Economic Outlook Volume 2022 Issue 2

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2022-11-22

Oecd Economic Outlook Volume 2022 Issue 2 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-22 with categories.

The OECD Economic Outlook, Volume 2022 Issue 2 includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.

Iberian Studies

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Author :
language : en
Publisher:
Release Date : 1983

Iberian Studies written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Portugal categories.