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April 4, 2025
This study analyzes the macroeconomic effects of carbon price shocks (EU-ETS) via a SVAR with Narrative Sign Restrictions. Facilitating identification and isolating shocks from demand factors, results indicate a stronger economic impact than previous carbon policy studies, but milder than recent works focused on the EU-ETS.
February 24, 2023
The gas situation in Europe remains favorable thanks to contained demand and stable supply, resulting in gas prices at pre-war levels. We expect no gas shortages in the coming winter, although additional measures will be necessary to have a sustainable gas balance.
December 23, 2022
The European Union is on track to close 2022 with consumption below previous years and healthy reserves. However, a possible return to normal temperatures, China's economic recovery and, concerns about Russia supply and nuclear generation in France could put pressure on the gas markets in 2023
November 24, 2022
The increase in EU gas reserves to 94% of capacity together with warmer weather and lower consumption indicates that Europe is in a good position to face the rise in consumption during winter. Factors to be considered are the European Commission's proposal on the gas price cap and possible gas supply cuts.
January 4, 2016
The European economy is facing important challenges in 2016, but it is difficult to know exactly where the problems are going to come from. We only have to go back a year to understand this. Which are the focuses of uncertainty going to be next year?
