We analyze how an increasing share of Renewable Energy Sources on Electricity generation (RES-E) affects Gross Domestic Product (GDP) and Carbon Dioxide (CO2) emissions using a 3 variable Structural Vector Autoregressive (SVAR) methodology. We used a sample of four countries with different levels of economic development and social and economic structures but a common effort of investment in RES...

S vector autoregressions have become one of the major ways of extracting information about the macro economy. One might cite three major uses of them in macroeconometric research: for quantifying impulse responses to macroeconomic shocks; for measuring the degree of uncertainty about the impulse responses or other quantities formed from them; and for deciding on the contribution of different sh...

Based on standard New Keynesian models I show that policy counterfactuals based on the theoretical structural VAR representations of the models fail to reliably capture the impact of changes in the parameters of the Taylor rule on the (reduced-form) properties of the economy. Based on estimated models for the Great Inflation and the most recent period, I show that, as a practical matter, the pr...

We discuss combining sign restrictions with information in external instruments (proxy variables) to identify structural vector autoregressive (SVAR) models. In one setting, we assume the availability of valid instruments. Sign may then be used further orthogonal shocks, or as an additional piece pin down shocks identified by more precisely. a second that proxy variables are only “plausibly exo...

The Hybrid New Keynesian Philips Curve (HNKPC) is an update of the Curve. HNKPC discusses combination forward looking and backward on inflation rate. In this case, shock rate to unemployment will be analyzed according HNKPC. dynamics used from monetary policy aspect targeting framework (ITF). This research also combine various elements in new consensus macroeconomic ASEAN-3 as up-to-date idea. ...