This paper applies a SVAR model and a DSGE model to investigate the dynamic effects of coal shocks. The results show that coal shocks mainly affect output by influencing thermal power generation. As China controls electricity prices and relies mainly on thermal power generation, increasing costs...

This paper applies a SVAR model and a DSGE model to investigate the dynamic effects of coal shocks. The results show that coal shocks mainly affect output by influencing thermal power generation. As China controls electricity prices and relies mainly on thermal power generation, increasing costs...