Macroeconomics impacts of energy shock

By:

Bert G Hickman ; Hillard G Huntington; James L. Sweenly(ed.)

Material type: Text

TextPublication details: Netherlands; Elsevier Science Publishers B.V.; 1987Description: 331pISBN:

444702474

Subject(s):

Inflation (Finance)-Effect of energy cost on-Mathematica

DDC classification:

338.4366550724 MAC

Summary: Large scale macroeconomic models have been used extensively to analyse a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could not be used to examine the impacts of energy price shocks. This study compared the responses of 14 prominent macroeconomic models to supply side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	338.4366550724 MAC (Browse shelf(Opens below))	Available		18317

Total holds: 0

Large scale macroeconomic models have been used extensively to analyse a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could not be used to examine the impacts of energy price shocks.
This study compared the responses of 14 prominent macroeconomic models to supply side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices.

There are no comments on this title.

to post a comment.