Download or read book Electricity Pricing in Transition written by Ahmad Faruqui and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations. This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.
Download or read book Prices in the Transition written by Ms.Paula De Masi and published by International Monetary Fund. This book was released on 1997-11-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overall price level increased sharply in transition countries once prices were freed. Disinflation has most frequently been gradual, with prices continuing to rise rapidly in subsequent years. This paper identifies the well-known and lesser-known features of inflationary processes in central and eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union on the basis of a sample of 26 countries and observations spanning the first five to seven years of transition.
Download or read book Prices in the Transition written by Vincent Koen and published by . This book was released on 2006 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overall price level increased sharply in transition countries once prices were freed. Disinflation has most frequently been gradual, with prices continuing to rise rapidly in subsequent years. This paper identifies the well-known and lesser-known features of inflationary processes in central and eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union on the basis of a sample of 26 countries and observations spanning the first five to seven years of transition.
Download or read book Prices and Wages in Transition Economies written by Edward P. Lazear and published by Hoover Press. This book was released on 1991 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transition Costs of Fundamental Tax Reform written by Kevin A. Hassett and published by American Enterprise Institute. This book was released on 2001 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transition costs surround debates over fundamental tax reform. Calculations of transition costs have followed the setup pioneered by Alan Auerbach and Larry Kotlikoff. In this volume, the authors focus on the most critical transition issues from the political perspective.
Download or read book Cost Absorbtion and Retail Price Control in the Transition Period written by Jules Backman and published by . This book was released on 1945 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Price Reform and Durable Goods in the Transition to a Market Economy written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1993-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock of durables, and the velocity of money in the transition period between reform announcement and reform implementation is characterized, in the presence and absence of uncertainty about the transition date.
Download or read book Methodologies of Price Indices in Transition Countries written by Mr.Kimberly D. Zieschang and published by International Monetary Fund. This book was released on 1995-11-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since late 1991, the IMF Statistics Department has conducted a program of technical assistance on consumer and producer price measurement and index compilation for the countries that have emerged from the former Soviet Union. These are countries whose economies are in various states of transition from centrally planned to market organization, and face special difficulties in developing price indices meeting international methodological guidelines for use in setting and monitoring the progress of macroeconomic policy. This paper describes and summarizes the findings of this technical assistance work with transition economies over the past four years, and the methodology developed by Fund experts to adapt international guidelines to the prevailing economic conditions. The paper catalogs the measurement problems and issues for compiling consumer and producer price indices in the transition context, and also comments on the use of these price series in compiling constant price national accounts.
Download or read book Transition Cost Issues for Us Electricity Utilities1 written by Eric Hirst and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract The US electric-utility industry is in the midst of major changes. These changes include deintegration of the industry and substantial increases in competition. A major consequence of these changes is the exposure of transition costs. These costs, which amount to $100-$200 billion nationwide, reflect the differences between regulated prices for electricity generation and the prices that might occur in fully competitive power markets. The large financial stakes, equivalent to nearly the total value of US electric-utility common stock, guarantee controversy. Debates occur over transition-cost amounts; analytical and market methods to estimate these costs; the assets and liabilities to include in such calculations; the assumptions used in developing these estimates; approaches that can be used to offset some of these costs; the allocation of the remaining costs among utility shareholders, different classes of retail customers, independent power producers and other wholesale suppliers, and taxpayers; and appropriate cost-recovery mechanisms.
Download or read book Oil Prices and GCC Stock Markets New Evidence from Smooth Transition Models written by Nidhaleddine Ben Cheikh and published by International Monetary Fund. This book was released on 2018-05-09 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results reveal that GCC stock markets do not have similar sensitivities to oil price changes. We document the presence of stock market returns’ asymmetric reactions in some GCC countries, but not for others. In Kuwait’s case, negative oil price changes exert larger impacts on stock returns than positive oil price changes. When considering the asymmetry with respect to the magnitude of oil price variation, we find that Oman’s and Qatar’s stock markets are more sensitive to large oil price changes than to small ones. Our results highlight the importance of economic stabilization and reform policies that can potentially reduce the sensitivity of stock returns to oil price changes, especially with regard to the existence of asymmetric behavior.
Download or read book Women and Transition written by Linda Rossetti and published by Springer. This book was released on 2015-11-05 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a recent study, ninety percent of women stated that they 'expect to transition' within the next five years. Rather than be frustrated, Rosetti argues that with thought and some elbow grease, transition is not only healthy but rewarding. Women and Transition is a step-by-step how-to guide that every woman can learn from.
Download or read book Energy Transitions written by Vaclav Smil and published by Bloomsbury Publishing USA. This book was released on 2010-05-26 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bold and controversial argument shows why energy transitions are inherently complex and prolonged affairs, and how ignoring this fact raises unrealistic expectations that the United States and other global economies can be weaned quickly from a primary dependency on fossil fuels. Energy transitions are fundamental processes behind the evolution of human societies: they both drive and are driven by technical, economic, and social changes. In a bold and provocative argument, Energy Transitions: History, Requirements, Prospects describes the history of modern society's dependence on fossil fuels and the prospects for the transition to a nonfossil world. Vaclav Smil, who has published more on various aspects of energy than any working scientist, makes it clear that this transition will not be accomplished easily, and that it cannot be accomplished within the timetables established by the Obama administration. The book begins with a survey of the basic properties of modern energy systems. It then offers detailed explanations of universal patterns of energy transitions, the peculiarities of changing energy use in the world's leading economies, and the coming shifts from fossil fuels to renewable conversions. Specific cases of these transitions are analyzed for eight of the world's leading energy consumers. The author closes with perspectives on the nature and pace of the coming energy transition to renewable conversions.
Download or read book Disinflation in Transition Economies written by Ms.Sharmini Coorey and published by International Monetary Fund. This book was released on 1996-12-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the persistence of moderate inflation in many transition economies, this paper analyzes whether inflation resulted from insufficiently tight financial policies and wage pressures or from the protracted adjustment of relative prices. Using a new database for 21 countries, the effect of relative price variability on inflation is estimated within a framework controlling for nominal and real shocks. Money and wage growth were the most important determinants of inflation; relative price variability had a sizable effect at high inflation during initial liberalization and a small effect at moderate inflation. Cost recovery may contribute to variability, particularly in the advanced stages of the transition.
Download or read book Zero Inflation written by Charles T. Carlstrom and published by . This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transition the First Ten Years written by Pradeep Mitra and published by World Bank Publications. This book was released on 2002 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wide variation in transition economies raises questions about differences in economic growth, the applicability of transition policies, and the advantages of economic reform. This report seeks to answer these questions.
Download or read book Economic Lessons from the Transition The Basic Theory Re examined written by Daniel R. Kazmer and published by Routledge. This book was released on 2016-09-16 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Lessons from the Transition focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain this failure focus on policies, the authors of this book argue that failure of economic theory to fully understand these transitions has led to bad policies that made the transitions unnecessarily painful and costly. The book suggests answers to the following questions: How should basic economic theory as taught in introductory economics courses be revised in light of the failure of market-oriented economics to effect a successful transition in so many former communist economies? Could the theory be revised and presented in a different manner? How can basic economic theory be used to help explain the past failures in understanding transition problems and to avoid future mistakes? This volume is a "must read" for all who teach economics or apply economics to the real world.
Download or read book Economics of Transition written by Hüsnü Kizilylli and published by Routledge. This book was released on 2019-05-23 with total page 575 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume responded to the recent fall of the Soviet Union and looks at the process of transitioning away from Socialist economies, including case studies in the former Soviet Union, Poland, Hungary, China, East Germany and other Socialist countries. Taking the view that economic and political indicators suggest a lack of success in the post-Soviet transformation process, Kızılyallı argues that they have been unsuccessful due to poor planning. Kızılyallı notes an abandonment of the previous system and an ineffective implementation of market capitalism which have led to these negative outcomes. The new method developed herein provides a partial solution through estimating the correct exchange rate based on world prices and under conditions of macroeconomic equilibrium, while also allowing planning for sequencing market reforms. Reform issues are then discussed, followed by the reform experiences of Poland, Hungary, East Germany, China and the former Soviet Union. Lastly, developments in macroeconomic theory are reviewed in light of these case studies. Kızılyallı concludes that both neoclassical and new Keynesian theories fail to provide an economically meaningful framework for analysis of current economic and employment problems, nor for their cure.
