Heterogeneous household responses to energy price shocks

Managing an Energy Shock: Fiscal and Monetary Policy

This paper studies the macroeconomic effects of energy price shocks in a heterogeneous ... We plot the response of inflation and domestic energy prices to the ...

Energy shocks as Keynesian supply shocks: implications for fiscal ...

This paper analyses the economic impact of and the optimal policy response to energy supply shocks in a flexible price model with heterogeneous households.

Temi di discussione - (Working Papers) - Banca d'Italia

Households' heterogeneous exposure to rising energy prices induces an endogenous trade-off for monetary policy, whose optimal response involves partly ...

Oil price shocks and household heterogeneity: the income side - SNB

The response of spending items to price changes in energy (which typically includes oil, gas, and electricity) also varies across households.

A Heterogeneous Agent Model of Energy Consumption and Energy ...

thus smaller household exposure to energy price shocks. We provide ... Figure 9: Policy Responses: Welfare and Job-Finding Rate, 1% Energy Price Shock.

Does Energy Consumption Respond to Price Shocks?

The schedule induces a non-linear and non-monotonic relationship between households' accumulated consumption and unit prices, thus generating an exogenous ...

Macroeconomic effects of energy price shocks on the business cycle

The impact of higher energy costs is disproportionately larger on the household, compared to that in Section 4.1, as its responses in the consumption and usage ...

Research - Gert Peersman - Google Sites

Heterogeneous Household Responses to Energy Price Shocks (with Joris Wauters), Energy Economics, 2024, Vol. 132, 107421. The Effectiveness of a Negative ...

Energy Price Shocks and Current Account Balances

(2017). Finally, the paper finds evidence of substantial heterogeneity across countries in the response of current account balances to real energy price shocks.

A Heterogeneous Agents Model of Energy Consumption and ... - AWS

... energy price shock affects both households' demand and firms' supply. Such a framework is helpful to analyse different policy responses to energy price shocks.

A HANK Model of Energy Consumption and Energy Conservation

We consider several types of policy responses and energy price shocks. ... KANNGIESSER (2022): “Energy Prices and Household Heterogeneity: Monetary Policy ...

Energy Prices and Household Heterogeneity: Monetary Policy in a ...

How does household heterogeneity ... FIGURE 10: Dynamic Responses to a Global Energy Price Shock: Higher Share of Constrained Households.

Firms' Resilience to Energy Shocks and Response to Fiscal Incentives

Firms in energy-intensive industries would have been significantly more affected if international energy prices were fully passed through to ...

Gasoline demand with heterogeneity in household responses - CORE

Fuel demand elasticities are typically based on aggregate data to determine consumer responses to tax increases or price shocks. However, this fails to ...

Natural Gas Price Elasticities and Optimal Cost Recovery Under ...

evidence that households respond to lagged electricity prices ... pooled elasticity (no heterogeneity), we examine whether households' price responses (i.e.,.

Energy prices, the distribution of income, and the effects of wage ...

... households and speeding up the macroeconomic recovery after a large exogenous price shock. This equity-efficiency trade-off also holds for ...

Heterogeneous Impacts of Cost Shocks, Strategic Bidding, and Pass ...

Heterogeneous Impacts of Cost Shocks, Strategic Bidding, and Pass-Through: Evidence from the New England Electricity Market by Harim Kim.

Distributional Effects of Global Price Shocks | CAMA

global price shocks, food prices, oil prices, inequality, household heterogeneity, household ... Heterogeneous household responses to energy price shocks. CESifo ...

Inflation Heterogeneity and Differential Effects of Monetary and Oil ...

(2023) and Pieroni (2023) find that low-income households are more affected by a shock in energy prices, given that this com- modity accounts for a higher ...

From Residential Energy Demand to Fuel Poverty: Income - Archimer

Our results show that there is heterogeneity in households' reactions to energy price fluctua- tions. ... The economic effects of energy price shocks.