Skip to main content
USGS - science for a changing world

Eastern wind integration and transmission study: Executive summary and project overview

Dates

Year
2010

Citation

EnerNex Corporation, 2010, Eastern wind integration and transmission study: Executive summary and project overview: EnerNex Corporation, 48 p.

Summary

Models that treat innovations to the price of energy as predetermined with respect to U.S. macroeconomic aggregates are widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of the transmission of energy price shocks. Because exactly identifying assumptions are inherently untestable, this approach in practice has required an act of faith in the empirical plausibility of the delay restriction used for identification. An alternative view that would invalidate such models is that energy prices respond instantaneously to macroeconomic news, implying that energy prices should be ordered last in recursively identified VAR models. In this paper, we propose a formal test [...]

Contacts

Author :
EnerNex Corporation
Publisher :
EnerNex Corporation
Institution :
EnerNex Corporation

Communities

  • Western Energy Citation Clearinghouse

Tags

Additional Information

Identifiers

Type Scheme Key
DOI WECC []

WECC Extension

places
nameKnoxville, TN
typePublication City

Citation Extension

parts
typePages
value48
citationTypeReport

Item Actions

View Item as ...

Save Item as ...

View Item...