Macroeconomics impacts of energy shocks / edited by Bert G. Hickman, Hillard G. Huntington, and James L. Sweeney
(Contributions to economic analysis ; 163)
| Publisher | Amsterdam : North-Holland |
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| Year | 1987 |
| Authors | Hickman, Bert G. 1924-2019 Huntington, Hillard G Sweeney, James L |
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| Links to the text | Location | Volume | Call No. | Barcode No. | Status | Comments | ISBN | Printed | Restriction | Reserve |
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| Links to the text | Library Off-campus access |
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OB00178052 | ScienceDirect (電子ブック) | 9781483295459 |
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| Material Type | E-Book |
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| Media type | 機械可読データファイル |
| Size | 1 online resource (350 pages) |
| Other titles | other title:Macroeconomic impacts of energy shocks |
| Notes | Includes bibliographical references Front Cover; Macroeconomics Impacts of Energy Shocks; Copyright Page; Introduction to the series; Editors' Preface; Table of Contents; Senior Advisory Panel; Working Group Participants; Chapter 1. Macroeconomic Impacts of Energy Shocks: A Summary of the Key Results; 1 Overview; 2 Study Design; 3 Impacts of an Oil Shock; 4 Alternative Energy Shocks; 5 Macroeconomic Policies for Reducing the Impacts of an Energy Shock; 6 Energy Policy Issues; 7 Model Structures; 8 Conclusion; Appendix 1A: Energy Shock and Policy Scenarios; Appendix 1B: Special Calculations Chapter 2. Macroeconomic Impacts of Energy Shocks and Policy Responses: A Structural Comparison of Fourteen Models1 Introduction; 2 The IS-LM Model of Aggregate Demand; 3 A Model of Aggregate Demand and Supply; 4 Theoretical Analysis of Macroeconomic Responses to Energy Shocks; 5 Identifying the Structural Attributes of the Models; 6 A Comparative Analysis of EMF 7 Model Responses to an Energy Shock in the Short Run; 7 Long Run and Dynamic Responses to Energy Shocks in the EMF 7 Models; 8 Summary and Conclusions; References; Appendix 2A: Features of Participating Models Appendix 2B: Specifications of Scenarios: Change Prom Control SolutionAppendix 2C: Value-Added versus Final Goods Prices; Appendix 2D: Response of Potential GNP to an Energy Shock; Appendix 2E: Percentage Change in Price Level per One Percent Increase in Oil Price, Second Year: Reported and Estimated From Model Characteristics; Chapter 3. Macroeconomic Models and Energy Policy Issues; 1 Introduction; 2 Measurement of Economic Impacts; 3 The National Income Accounting Framework; 4 External and Internal Energy Shocks; 5 The Strategic Petroleum Reserve; 6 Alternative Energy Policies; 7 Summary 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 Elsevier ScienceDirect All Books HTTP:URL=https://www.sciencedirect.com/science/bookseries/05738555/163 |
| Subjects | LCSH:Inflation (Finance) -- Effect of energy costs on -- Mathematical models
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| Classification | LCC:HG229 DC23:338.4/36655/0724 |
| ID | 8000080157 |
| ISBN | 9781483295459 |
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