The Spanish-Portuguese wholesale market intervention is a thought-through instrument that has, despite significant drawbacks, merits for the specific context. However, three conditions need to hold to make the intervention work as intended: little interconnection to neighbouring countries, an unconstrained gas market, and only limited forward hedging. In many European countries outside the Iberian Peninsula, none of these prerequisites holds.
To mitigate the impact of high energy prices, targeted measures such as income support (e.g. Bethuyne et al. 2022) are better policies than an intervention in the wholesale market.
Schlagwort: Wirtschaft
Eurolectricity.
Krisenkurve.
There was no discernible signal in the data from the global economic disruption caused by the coronavirus pandemic.
NOAA Research: Carbon dioxide peaks near 420 parts per million at Mauna Loa observatory
Londsterdam.
You’ve spent time in Amsterdam, which may give you some idea of what London is like, except that London is not nearly as well organized.
Neal Stephenson: Quicksilver
Pipeducation.
Essentially it is a system for the processing of raw children into processed children.
GDPism.
The GDP rises whenever money changes hands. When families break down and children require foster care, the GDP grows, but not so when parents successfully care for their children. People who max out their credit cards buying things they don’t need make the GDP look good. People who save their money and live sensibly don’t. Seen through such a lens, the most economically productive people are cancer patients in the midst of getting a divorce. Healthy people in happy marriages, in contrast, are economically invisible, and all the more so if they cook at home, walk to work, grow food in a home garden, and don’t smoke.
John Robbins: What is Real Wealth?
(yes! magazine 2010-8-31)