Repository hosing the carbon policy surprises and estimated carbon policy shocks from Känzig (2023).
The excel file contains two sheets:
- Baseline: Carbon policy surprises measured as euro change in carbon price, relative to prevailing wholesale electricity price
- Pct: Carbon policy surprises measured as percentage change in carbon price
Both sheets contain two series:
- Series: Surprise High-frequency carbon policy surprises
- Shock: Carbon policy shock, identified using the external instruments VAR using the surprise series as an instrument for the energy price residual
If you have any questions, please contact me at dkaenzig@northwestern.edu