https://www.um.edu.mt/library/oar/handle/123456789/32023 2026-04-27T05:41:23Z https://www.um.edu.mt/library/oar/handle/123456789/33397 Title: The macroeconomic effects of efficiency gains in electricity production in Malta Abstract: This note studies the impact energy market reforms might have on the Maltese economy in the medium-to-long run using a DSGE model. Contrary to previous studies, this note takes in consideration the changes in the marginal cost of electricity production of Enemalta under a number of energy production setups. Results show that the decommissioning of the Marsa power plant and the installation of an undersea interconnector results in a fall in marginal costs, and therefore an increase in long run output, under both baseline and high oil price scenarios ranging between 1.61% and 2.53%. This energy setup is however consistent with an increase in marginal costs, and therefore a fall in long run output of 0.41% in the case of a low oil price scenario. The future setup of natural gas fired turbines results in a fall in marginal costs and an increase in long run output in all oil price scenarios, ranging between 0.81% in the low oil price scenario to 3.00% in case of high oil prices. 2017-08-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/16934 Title: Central Bank of Malta Quarterly Review : 2017 : 1 Abstract: The Central Bank of Malta regularly analyses domestic and international economic and financial developments in its Quarterly Review, which is published four times a year. The Review often carries policy speeches by the Governor and topical articles written by the Bank's staff. It also contains a series of statistical tables and a summary of domestic and foreign news items of interest. The Quarterly Review is prepared and issued by the Economics Department of the Central Bank of Malta. 2017-01-01T00:00:00Z