Andreas Breitenfellner

As gas prices have doubled since the beginning of the war in the Middle East, concerns about electricity costs are returning across Europe. Why, despite the rapid growth of low-cost renewables, do gas prices still have such a strong impact on power prices? Mostly because of merit order pricing, ...

The EU–Mercosur agreement awaits ratification amid agricultural and environmental concerns. OeNB simulations suggest that enhanced trade would deliver only modest economic gains for both regions. By 2040, the EU’s GDP would be just slightly higher, with greater gains in Mercosur, and ...