Sousa, Rita; Aguiar-Conraria, Luís - Núcleo de Investigação em Políticas Económicas … - 2014
Using data from Phase II-III of the European Union Emission Trading Scheme, we characterize CO2 prices interrelation with energy prices (gas, electricity and coal), carbon allowances substitute prices and with economic activity index. We estimate a vector autoregressive model and the responses...