A simulation approach of a smart grid by cooperative bargaining is presented in this paper. Each participant of the smart grid determines its optimal schedule to meet its power and heating demand at minimal costs employing solar panels, fuel cells and batteries. This is done by solving a quadratic optimisation problem which takes the energy prices and the available devices into account. The ene...

energy is one of major factors of productions in all of economic sectors, which have important effect on a country economy. the effect of increasing price of energy carriers on productions of economic sectors is inevitable. therefore, this research was conducted by using the input - output model and product forecasting. the study investigated the latest available input - output table in 1385. t...

We study how total factor productivity (TFP), energy prices and the great moderation are linked. First, we estimate a joint stochastic process for the energy price and TFP and establish that until 1982:II, energy prices negatively affected productivity. This spill-over has since disappeared. Second, we show that within the framework of a Dynamic Stochastic General Equilibrium (DSGE) model, the ...

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a joint stochastic process for the energy price and TFP and establish that until the second quarter of 1982, energy prices negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic stochastic general equilibrium ...

In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for business cycle fluctuations this link exists especially at low frequencies. Thus, short-run phenomena like...