Section [1] also suggests that we can expect this favorable relationship to disappear as energy supply begins to shrink because of growing inefficiencies in the system. In such a case, GDP
These measures include the ETL, also known as the Expected Shortfall or Conditional VaR [11], which is defined as the expectation of losses that exceed the VaR. Let X be a random variable representing the risk associated with a given portfolio, FX its distribution function, and fX its ...