Soaring Prices in Emerging Europe : Temporary Phenomenon or Lasting Challenge ?

Welfare Impacts of Soaring Food Prices on Iranian Urban Households: Evidence from survey data

Abstract: On December 2010, the government of Iran ended the decades-long subsidy program for bread and energy products and launched the Targeted Subsidy Reform program that considerably raised prices of food products. The objective of the study was to measure welfare impacts of food price changes on Iranian urban households between two survey data of 2009/10 and 2011/12 which were taken from I...

Vector Autoregressive Model Selection: Gross Domestic Product and Europe Oil Prices Data Modelling

 We consider the problem of model selection in vector autoregressive model with Normal innovation. Tests such as Vuong's and Cox's tests are provided for order and model selection, i.e. for selecting the order and a suitable subset of regressors, in vector autoregressive model. We propose a test as a modified log-likelihood ratio test for selecting subsets of regressors. The Europe oil prices, ...

Austrian Business Cycle Theory, Keynes's General Theory, Soaring Wheat Prices, and Subprime Mortgage Write-Downs

Keynes's presentation of own rates of interest on wheat and housing is set within Austrian business cycle theory, to show that soaring wheat prices and subprime mOligage writedowns are expected, when a monetary authority holds interest rates too low for too long. From that basis, further interest rate cuts are an unlikely remedy for a recession whose roots lie in a proliferation of credit.

Tight supply keeps oil prices soaring

Reducing CO2 Emissions from Road Transport - Overview of the Main Initiatives and Technical Measures Proposed to Date in Europe

The demand for fossil fuel in the transport sector is constantly increasing and transportation is ranked amongst the highest greenhouse emitting sectors globally. Today, tackling CO2 emissions from road transport a widely discussed topic and constitutes a milestone towards reaching a sustainable, carbon neutral economy. This challenge is being described in various initiatives adopted in the ...