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From Signals to Outcomes: Evidence from Slovakia

Author

Listed:
  • David Kurjak

    (Faculty of Business and Economics, Mendel University in Brno, Czech Republic)

Abstract

This paper analyzes the effects of selected policy decisions and energy supply disruptions on electricity prices from 2015 to 2025. Announcements elicited modest, transitory movements. Realized disruptions such as armed conflict or interruptions to gas pipeline flows generated sharp and persistent price increases. Results indicate that electricity prices are highly sensitive to gas and carbon markets. These findings provide new evidence on the drivers of electricity pricing in integrated European markets.

Suggested Citation

  • David Kurjak, 2025. "From Signals to Outcomes: Evidence from Slovakia," MENDELU Working Papers in Business and Economics 2025-106, Mendel University in Brno, Faculty of Business and Economics.
    • Handle: RePEc:men:wpaper:106_2025
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    References listed on IDEAS

    as
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    Keywords

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    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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