This paper assesses the cyclical premium in the Russian electric power sector. The paper provides a review of studies on the evaluation of the premium for positioning in a particular sector of the eco
In this paper we identify demand shocks that can have a permanent effect on output through hysteresis effects. We call these shocks permanent demand shocks. They are found to be quantitatively importa
We propose a simple method to help researchers develop quantitative models of economic fluctuations. The method rests on the insight that many models are equivalent to a prototype growth model with ti