Energy Price Shocks and Economic Activity: Simulation Results of the Hubbard-Fry Model

Energy Price Shocks and Economic Activity: Simulation Results of the Hubbard-Fry Model PDF Author: Stanford University. Energy Modeling Forum
Publisher:
ISBN:
Category :
Languages : en
Pages : 68

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Energy Price Shocks and Economic Activity: Simulation Results of the Hubbard-Fry Model

Energy Price Shocks and Economic Activity: Simulation Results of the Hubbard-Fry Model PDF Author: Stanford University. Energy Modeling Forum
Publisher:
ISBN:
Category :
Languages : en
Pages : 68

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Energy Shocks and Macroeconomic Activity: Simulation Results from the Hickman-Coen Model

Energy Shocks and Macroeconomic Activity: Simulation Results from the Hickman-Coen Model PDF Author: Stanford University. Energy Modeling Forum
Publisher:
ISBN:
Category :
Languages : en
Pages : 62

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Energy Price Shocks and Macroeconomic Performance

Energy Price Shocks and Macroeconomic Performance PDF Author: Douglas R. Bohi
Publisher: Routledge
ISBN: 1317366433
Category : Business & Economics
Languages : en
Pages : 96

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Book Description
The oil price shocks of the 1970’s led to severe recessions in the 1980’s in the United States. Originally published in 1989 in the aftermath, Bohi attempts to show both how energy prices can cause a decline in output and employment and to explore important other factors which led to the recessions using the US, United Kingdom, Japan and Germany as examples. The findings in Energy Price Shocks and Macroeconomic Performance have major implications for energy policy and questions government plans which focus solely on preventing another oil supply disruption. This title will be of interest to students of environmental studies and economics as well as professionals.

Macroeconomic Impacts of Energy Shocks

Macroeconomic Impacts of Energy Shocks PDF Author:
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 158

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Nominations of Grant D. Aldonas, Kenneth I. Juster, Maria Cino, and Robert Glenn Hubbard

Nominations of Grant D. Aldonas, Kenneth I. Juster, Maria Cino, and Robert Glenn Hubbard PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 76

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The Economics of Energy

The Economics of Energy PDF Author: Paul Stevens
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 648

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Book Description
This two-volume set reprints the most significant theoretical and empirical research on energy economics that has been conducted during the last 70 years. The 48 contributions (published between 1931 and 1998) address key questions about the importance of the economics of energy. Some of the articles provide general surveys of issues to cover the broad range of relevant questions; others try to provide a sample of best-practice answers to illustrate how it might be done. Volume I includes a discussion of why energy matters together with demand side issues, conservation and modeling. Volume II looks at supply side issues, markets (players and prices), markets versus governments, and issues which concern developing countries. The volumes are not indexed. Edited by Paul Stevens of the Centre for Energy, Petroleum and Mineral Law and Policy, U. of Dundee. Annotation copyrighted by Book News, Inc., Portland, OR

Imperfect Competition and the Effects of Energy Price Increases on Economic Activity

Imperfect Competition and the Effects of Energy Price Increases on Economic Activity PDF Author: Julio Rotemberg
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 60

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Book Description
We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly parameterized models of this type are able to mimic the response of output and real wages in the United States. The responses are particularly consistent with a model of implicit collusion where markups depend positively on the ratio of the expected present value of future profits to the current level of output.

Macroeconomic Impacts of Energy Shocks

Macroeconomic Impacts of Energy Shocks PDF Author: H.G. Huntington
Publisher: Elsevier
ISBN: 1483295451
Category : Business & Economics
Languages : en
Pages : 350

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Book Description
Large-scale macroeconomic models have been used extensively to analyze 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 be used to examine the impacts of energy price shocks.This study compares 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 50 and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices. Five policy responses were considered for offsetting the GNP impacts of the larger oil price increase: monetary accommodation, an income tax rate reduction, an increase in the investment tax credit for equipment, a reduction in the employer's payroll tax rate, and an oil stockpile release.The study was conducted by a working group comprised of about 40 modelers and potential model users from universities, business, and government. As in previous EMF studies, the group pursued two broad goals. Firstly, they sought to understand the models themselves by identifying important similarities as well as structural differences. Secondly, they sought to use the models to sharpen their understanding of energy shocks and of the related policy issues. Their conclusions appear as the first chapter in this volume, the remaining chapters providing more technical treatment of the key structural differences among the participating models as well as their use for evaluating energy policies.This volume is addressed particularly to those interested in the energy shock issue, as well as to those with a broader interest in macroeconomic models and policies.

Energy Price Shocks in a Reduced-form Monetarist Model

Energy Price Shocks in a Reduced-form Monetarist Model PDF Author: Stanford University. Energy Modeling Forum
Publisher:
ISBN:
Category : Natural gas
Languages : en
Pages : 40

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Energy Prices, Inflation, and Economic Activity

Energy Prices, Inflation, and Economic Activity PDF Author: Knut Anton Mork
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 200

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Book Description