Search results for "Energy subsidies"
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The Energy System of Sicilian Region, Italy: 2014 situation and evolutionary trends
2015
The development of reliable energy scenarios are become increasingly more important and crucial due to scientific interest but also because it is essential for the deployment of effective energy policies in the territory. The depletion of Fossil Fuels and the need for the most industrialized countries to achieve the target of a sustainable development have induced important national, European and global initiatives. These actions have led to major changes on each energy system of countries and regions, contributing to the evolution of new local energy systems. In this paper, the Authors have collected, processed and analyzed the data concerning the evolution and changes of the Sicilian ener…
Oil prices and inflation dynamics: Evidence from advanced and developing economies
2018
Abstract We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced and developing economies over the period from 1970 to 2015. We find that a 10% increase in global oil inflation increases, on average, domestic inflation by about 0.4 percentage points on impact, with the effect vanishing after two years and being similar between advanced and developing economies. We also find that the effect is asymmetric, with positive oil price shocks having a larger effect than negative ones. The impact of oil price shocks, however, has declined over time due in large part to a more credible monetary policy and less reliance on energy imports.…