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Online Appendix to "Energy Efficiency and Fluctuations to CO2 Emissions"

Author

Listed:
  • Soojin Jo

    (Yonsei University and Bank of Canada)

  • Lilia Karnizova

    (Department of Economics, University of Ottawa)

Abstract

This appendix provides additional information and analyses for "Energy Efficiency and Fluctuations in CO2 Emissions." Section 1 explains data sources and transformations. Section 2 covers a variety of robustness checks conducted for our baseline VAR results. Section 3 reports the results related to the analysis of emissions and energy consumption of major energy-use sectors. Specifically, section 3.1 demonstrates the impact of VAR estimation and model uncertainty on the inference from distributed lag models (DLMs). Section 3.2 reports the responses of energy consumption by sector to a negative correlation (NC) shock. Section 4 lays out a full description of the multi-sector dynamic stochastic general equilibrium model with pollution (E-DSGE model), which is used in our main text. Finally, section 5 includes additional results on the implications of weather extremes for our interpretation of NC shocks as changes in the energy efficiency of consumer products.

Suggested Citation

  • Soojin Jo & Lilia Karnizova, 2021. "Online Appendix to "Energy Efficiency and Fluctuations to CO2 Emissions"," Working Papers 2108E, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:2108e
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    File URL: http://hdl.handle.net/10393/42706
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    References listed on IDEAS

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    5. Garth Heutel, 2012. "How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 244-264, April.
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    7. Baumeister, Christiane & Hamilton, James, 2018. "Inference in Structural Vector Autoregressions When the Identifying Assumptions are Not Fully Believed: Re-evaluating the Role," CEPR Discussion Papers 12911, C.E.P.R. Discussion Papers.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CO2 emissions; energy efficiency; E-DSGE; sign restrictions;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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