According to the Paris Agreement, the European energy system transition is essential to achieve GHG emission reduction targets set by the EU and limit the growth of global temperatures. Investigating the role of emerging mitigation technologies and their uncertainties together with the different...

We use a factor model with stochastic volatility to decompose the time-varying variance of Macro economic and Financial variables into contributions from country-specific uncertainty and uncertainty common to all countries. We find that the common component plays an important role in driving the...

This paper extends the procedure developed by Jurado et al. (2015) to allow the estimation of measures of uncertainty that can be attributed to specific structural shocks. This enables researchers to investigate the "origin" of a change in overall macroeconomic uncertainty. To demonstrate the...