scholarly journals Impact of Energy Price Stabilization Mechanism on Regulated Clients’ Tariffs: The Case of Chile

2021 ◽  
Vol 13 (21) ◽  
pp. 11870
Author(s):  
Humberto Verdejo Fredes ◽  
Benjamin Acosta ◽  
Mauricio Olivares ◽  
Fernando García-Muñoz ◽  
Francisco Tobar ◽  
...  
Keyword(s):  
Exchange Rate ◽  
National Level ◽  
Energy Price ◽  
Electricity Prices ◽  
Stabilization Mechanism ◽  
National History ◽  
Price Stabilization ◽  
Triggering Factors ◽  
Duration Of Operation ◽  
Sustained Increase

The Chilean socio-political explosion in October 2019 embodies a milestone in Chile’s national history, challenging the current government’s administration and the management of state resources. One of the triggering factors of this crisis was the increase in electricity prices for those clients previously subject to flat pricing. As an example, in 2019, electricity fees increased by 25% at the national level. In order to solve the conflict, the Ministry of Energy proposed a mechanism, applicable for two years, which would freeze energy charges for companies, industries and domestic customers subject to a regulated tariff. This mechanism was employed and would produce a debt favoring generation companies, which could not exceed CLD 1.350 million. This article analyzes the effectiveness of the energy price stabilization mechanism and the effects of the Chilean socio-economic instability—resulting from the aggregated debt generated by the mechanism applicability—on the exchange rate over its duration of operation. The results suggest that the effects of the current law will not fulfill the purpose of tariff stabilization until 2024; additionally, there will be a sustained increase in tariffs until the year 2027.

scholarly journals Determinants of Inflation in Iran Based on Bayesian Model Averaging (BMA)

2014 ◽  
Vol 43 ◽  
pp. 10-17
Author(s):  
Mohsen Mehrara ◽  
Arezoo Ghazanfari ◽  
Motahareh Alsadat Majdzadeh
Keyword(s):  
Exchange Rate ◽  
Bayesian Model ◽  
Bayesian Model Averaging ◽  
Model Averaging ◽  
Energy Price ◽  
Market Exchange ◽  
Explanatory Variables ◽  
Long Run ◽  
The Impact ◽  
Money Velocity

Due to the important influence of inflation on macro-economic variables, researchers pay tremendous amount of attention to its determinants. Accordingly, in the following research, the impact of 13 variables on inflation during the period of 1338-1391 by using Bayesian Model Averaging (BMA) method has been investigated for Iran economy. The ranking of the 13 explanatory variables are obtained based on the probability of their inclusion in model. The results show that the energy price and money imbalance (lagged ratio of money to nominal output) have expected and positive effect on inflation rate with a probability of 100 % and they are considered as the key explanatory variables in inflation equation. The energy price, money imbalance, money growth and market exchange rate growth have the first to fourth rank respectively. The influence of the production growth is not significant on the inflation in the short-run but it gradually influences the inflation through money imbalance channel in the long-run. In addition, most of the disinflation effects due to decrease in money supply will appear with delay. These results imply the dominance of monetary variables on inflation with cost push factors not having important impacts on prices. Also, oil revenue and imports influence the inflation through exchange rate channel, production and money velocity.

Are electricity prices affected by the US dollar to Euro exchange rate? The Spanish case

2009 ◽  
Vol 31 (6) ◽  
pp. 857-866 ◽  
Author(s):  
M. Pilar Muñoz ◽  
David A. Dickey
Keyword(s):  
Exchange Rate ◽  
Electricity Prices ◽  
The Us ◽  
Us Dollar

scholarly journals This Ain’t No Place for No Hero: Prevalence and Correlates of Representations of Victims, Helpers, and Perpetrators During the Time of National Socialism in German Families

2021 ◽  
Vol 15 ◽  
pp. 183449092199142
Author(s):  
Jonas H. Rees ◽  
Michael Papendick ◽  
Andreas Zick
Keyword(s):  
National Socialism ◽  
Social Representations ◽  
National Level ◽  
Social Identities ◽  
Representative Survey ◽  
National History ◽  
Attitudes And Behaviors ◽  
Positive Attitudes ◽  
Family Narratives ◽  
And Behaviors

The transmission of national history in general and family narratives in particular is prone to censorship and bias, protecting or enhancing social identities. The authors propose that, as has been shown for national groups, families also create and pass on representations about their roles and behaviors through history. In a representative survey, 1000 German respondents estimated the percentages of victims, perpetrators, and those who helped potential victims during the time of National Socialism to be 35%, 34%, and 16%, respectively. For family representations, the percentages shifted toward helping (29%) and away from complicity (20%), while representations of victimhood were as prevalent (36%) as estimates for the general population. Systematic differences suggested an alignment of general social representations of history with family representations. Participants reporting a perpetrator family representation held more positive attitudes toward refugees coming to Germany today than participants who did not report such a representation. This link was mediated through differences in societal representations. The authors discuss family representations as an intermediate, more proximate prescriptive background and points of reference, according to which more general historical representations on a national level may be aligned, and individual present-day political attitudes and behaviors oriented.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI HARGA DAN KETERSEDIAAN BERAS DI TINGKAT NASIONAL

2017 ◽  
Vol 10 (2) ◽  
pp. 229
Author(s):  
Widodo Widodo
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
National Level ◽  
Secondary Data ◽  
Least Square ◽  
Series Data ◽  
Positive Trend ◽  
Regression Equations ◽  
Before And After ◽  
Rice Prices

The  objectives  of  this  study  were:  (1)  to  understand  the  development  of domestic  rice  prices  at  the  national  level,  (2)  to  identify  factors  that  influence  the domestic rice prices at the national level, and (3) to determine the factors that affect the  availability  of  rice  at  the  national  level.  The  data  used  in  this  research  was secondary  data  obtained  from  the  BPS,  BULOG,  and  FAO  statistics.  The  data obtained were systematically recording in the form of a time series data since 1979 until 2008 at the national level. The model used in this research is simple regression equation or the Ordinary Least Square (OLS). This model was used to identify trends and  the  factors  affecting  the  price  and  availability  of  rice  nationwide. Regression equations  estimated  to  test  the  functionality  of  R2,  the  F-test,  t-test,  and  D-W.The results of this study indicate: (1) the rate of growth of retail rice prices at the national level has increased in the positive trend, (2) the domestic rice prices at the national level  is  influenced  by  the  base  price  of  grain  and  world  rice  prices,  and  (3)  the availability of long-term national from the year 1979-2008 rice prices was influenced by domestic supply, exchange rate farmers, the harvested area, and the availability of rice  before  and  after  the  moneter  crisis.  The  availability  of  rice  in  the  short  term before and after  the crisis were influenced significantly by harvested area, at the time of  pre-crisis  (1979-1997)  and  by  domestic  supply,  farmers  exchange  rate,  and  the harvested area, on the time after the crisis (1997-2008).

Biodiesel as a motor fuel price stabilization mechanism

Energy Policy ◽  
2012 ◽  
Vol 50 ◽  
pp. 689-698 ◽  
Author(s):  
Teresa Serra ◽  
José M. Gil
Keyword(s):  
Motor Fuel ◽  
Stabilization Mechanism ◽  
Fuel Price ◽  
Price Stabilization

The Size of an Exchange Rate Union and the Need for Fiscal Policy Coordination / Die Größe einer Währungsunion und die Notwendigkeit zur fiskalpolitischen Harmonisierung

1996 ◽  
Vol 215 (2) ◽  
Author(s):  
Valeria De Bonis
Keyword(s):  
Exchange Rate ◽  
Fiscal Policy ◽  
National Level ◽  
Spillover Effects ◽  
Policy Coordination ◽  
Fiscal Policies ◽  
Economic Dimension ◽  
Asymmetric Shocks ◽  
The World ◽  
Strategic Reactions

SummaryThe negative transmission of fiscal policy among the members of an exchange rate union is a reason against the conduct of fiscal policy at the national level. Independent fiscal policies would act as asymmetric shocks for the union and cause a spiral of strategic reactions. This result must be qualified with respect to the economic dimension of the exchange rate union vis-à-vis the rest of the world. If the member countries are big, there exists a positive transmission of fiscal policy to the rest of the world in the case of flexible exchange rates and the external (positive) and internal (negative) spillover effects tend to offset each other.

scholarly journals The impact of international energy price on Romanian macroeconomic

2017 ◽  
Vol 8 (2) ◽  
pp. 97-105
Author(s):  
Yukun Xiao
Keyword(s):  
Exchange Rate ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Recent Decade ◽  
Industrial Product ◽  
Energy Price ◽  
Energy Prices ◽  
Large Fluctuation ◽  
Causality Test ◽  
The Impact

AbstractThe recent decade has witnessed wild swings in International Energy price, and there is no doubt that a large fluctuation in energy prices will have an impact on a country’s macro economy. This study examines the impact of international energy price on Romanian macroeconomic –CPI, exchange rate and industrial product – by using Granger causality test and quantiles regression. We find that the international energy price can affect the CPI and industrial product of Romania, while it can’t influence exchange rate at all. Also when energy price increase and decrease, it will have different impact on Romanian macroeconomic.

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