Investigating the Economic and Social Impact Induced by Electricity Prices

Constantin Marin, Cosmin-Octavian Cepoi and Denisa Gabriela Grosu
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Constantin Marin: “Victor Slãvescu” Financial and Monetary Research Centre
Cosmin-Octavian Cepoi: “Victor Slãvescu” Financial and Monetary Research Centre
Denisa Gabriela Grosu: “Victor Slãvescu” Financial and Monetary Research Centre

Chapter Chapter 25 in Crisis after the Crisis: Economic Development in the New Normal, 2023, pp 367-378 from Springer

Abstract: Abstract We investigate the energy situation in Romania and the impact of the liberalization of energy prices on some key macroeconomic variables. The factors generating the energy crisis, especially the COVID-19 pandemic, do not seem to leave too much time for the governments to solve the energy and economic crisis. The effects of the growing interest rate will appear soon since the National Bank of Romania increased the monetary policy rate. The estimated results indicate that the electricity price index has a persistent impact on the prices of industrial production, which is an intuitive finding. However, the impact is more visible during episodes of high inflation.

Keywords: Electricity price; Energy production; Exchange rate; Inflation rate; Quantile regression (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-30996-0_25

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DOI: 10.1007/978-3-031-30996-0_25

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