The extant structural vector autoregression (SVAR) literature typically focuses on one shock at a time when studying the behavior of the exchange rates, which risks confounding the identified shock with the endogenous responses to the unidentified shocks. This paper proposes a novel SVAR...

Energy security is one of the main drivers of energy policies. Understanding energy security implications of long-term scenarios is crucial for informed policy making, especially with respect to transformations of energy systems required to stabilize climate change. This paper evaluates the...