Download or read book Energy Price Shocks and Economic Activity Simulation Results of the Hubbard Fry Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Shocks and Macroeconomic Activity Simulation Results from the Hickman Coen Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Price Shocks and Macroeconomic Performance written by Douglas R. Bohi and published by Routledge. This book was released on 2017-02-17 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Macroeconomic Impacts of Energy Shocks written by and published by . This book was released on 1991 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nominations of Grant D Aldonas Kenneth I Juster Maria Cino and Robert Glenn Hubbard written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2002 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economics of Energy written by Paul Stevens and published by Edward Elgar Publishing. This book was released on 2000 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Imperfect Competition and the Effects of Energy Price Increases on Economic Activity written by Julio Rotemberg and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Macroeconomic Impacts of Energy Shocks written by H.G. Huntington and published by Elsevier. This book was released on 2016-10-19 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Energy Price Shocks in a Reduced form Monetarist Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Prices Inflation and Economic Activity written by Knut Anton Mork and published by . This book was released on 1981 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Impacts of World Oil Market Shocks on the U S Economy written by William P. Curtis and published by . This book was released on 1983 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Energy Prices on the U S Economy Simulations with the MPS Model written by Stanford University. Energy Modeling Forum and published by . This book was released on 1983 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Oil Price Shocks and U S Economic Activity written by Nathan S. Balke and published by . This book was released on 2015 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil price shocks are thought to have played a prominent role in U.S. economic activity. In this paper, we employ Bayesian methods with a dynamic stochastic general equilibrium model of world economic activity to identify the various sources of oil price shocks and economic fluctuation and to assess their effects on U.S. economic activity. We find that changes in oil prices are best understood as endogenous. Oil price shocks in the 1970s and early 1980s and the 2000s reflect differing mixes of shifts in oil supply and demand, and differing sources of oil price shocks have differing effects on economic activity. We also find that U.S. output fluctuations owe mostly to domestic shocks, with productivity shocks contributing to weakness in the 1970s and 1980s and strength in the 2000s.

Download or read book Energy Prices and Aggregate Economic Activity written by Stephen Paul Adolph Brown and published by . This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macroeconomic Impacts of Energy Shocks an Overview written by Stanford University. Energy Modeling Forum and published by . This book was released on 1984 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Modeling and Simulation written by Andy S. Kydes and published by . This book was released on 1983 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Price Shocks and the Macroeconomy written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "So far, the literature on dynamic stochastic general equilibrium models with energy price shocks uses energy on the production side only. In these models, energy shocks are responsible for only a negligible share of output fluctuations. We study the robustness of this finding by explicitly modeling private consumption of energy at the household level in addition to energy use at the firm level to account for total energy use in the economy. Additionally, we distinguish between investment in consumer durables and investment in capital goods. The model economy is calibrated to match total energy use and durable goods consumption as observed in the U.S. data. Simulation results indicate that, despite higher total energy use, this economy has an even smaller proportion of output fluctuations attributable to energy price shocks. Productivity shocks continue to be the primary force behind business cycle fluctuations. The driving force behind our results is that the household now has the flexibility to rebalance its investment portfolio. Specifically, the energy price hike is absorbed by reducing durable goods investment more than investment in capital goods, thereby cushioning the hit to future production at the expense of current consumption. Hence, our model better matches the consumption volatility observed in the data."--Federal Reserve Bank of Atlanta web site.