3 edition of Macroeconomics [i.e. Macroeconomic] impacts of energy shocks found in the catalog.
by North-Holland, Sole distributors for the U.S.A. and Canada, Elsevier Science Pub. Co. in Amsterdam, New York, New York, N.Y., U.S.A
Written in English
Includes bibliographical references.
|Other titles||Macroeconomics impacts of energy shocks, Macroeconomic impacts of energy shocks.|
|Statement||edited by Bert G. Hickman, Hillard G. Huntington, and James L. Sweeney.|
|Series||Contributions to economic analysis ;, 163|
|Contributions||Hickman, Bert G., 1924-, Huntington, Hillard G., Sweeney, James L.|
|LC Classifications||HG229 .M315 1987|
|The Physical Object|
|Pagination||xvi, 331 p. :|
|Number of Pages||331|
|LC Control Number||87009035|
Perhaps the first example of what looks like a VAR-type analysis of the effects of fiscal shocks is Rotemberg and Woodford's () analysis of the effects of military spending and employment on macroeconomic variables. Their purpose was to provide evidence in favor of their countercyclical markup model, showing that a “demand” shock would. As a result, macroeconomics tends to be widely cited in discussions related to government intervention in economic expansion and contraction, as well as, with respect to the evaluation of economic policy. Though macroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research on a.
The Macroeconomic Effects of Oil Price Shocks: Why are the s so different from the s? Olivier J. Blanchard, Jordi Galí. Chapter in NBER book International Dimensions of Monetary Policy (), Jordi Galí and Mark J. Gertler, editors (p. - ) Conference held June , A food price shock of 5 percent increases the Federal Funds rate by 24 basis points (a rise in 10 basis points leads to a fall in real GDP between percent and percent), whereas the rate.
Downloadable! We characterize the macroeconomic performance of a set of industrialized economies in the aftermath of the oil price shocks of the s and of the last decade, focusing on the differences across episodes. We examine four different hypotheses for the mild effects on inflation and economic activity of the recent increase in the price of oil: (a) good luck (i.e. lack of concurrent. to begin provide methodological tools for advanced research in macroeconomics. The emphasis is on theory, although data guides the theoretical explorations. We build en-tirely on models with microfoundations, i.e., models where behavior is derived from basic assumptions on consumers’ preferences, production technologies, information, and so on.
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Purchase Macroeconomic Impacts of Energy Shocks, Volume - 1st Edition. Print Book & E-Book. ISBNBook Edition: 1. ISBN: OCLC Number: Description: xvi, pages: illustrations ; 24 cm. Contents: Macroeconomic Impacts of Energy Shocks: A Summary of the Key Results (EMF 7 Working Group Report).
Macroeconomics Impacts of Energy Shocks. Edited by Bert G. HICKMAN, Hillard G. HUNTINGTON, Book chapter Full text access Macroeconomic Impacts of Energy Shocks: A Summary of the Key Results Pages Download PDF. Chapter preview. select article Macroeconomic Impacts of Energy Shocks and Policy Responses: A Structural Comparison of.
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.
COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.
Reilly, John M., "Book Review: Macroeconomic Impacts of Energy Shocks," Journal of Agricultural Economics Research, United States Department of Agriculture. Resources and Energy 13 () North-Holland On the macroeconomic effects of energy price shocks Douglas R. Bohi* Resources/or the Future, Washington, DCUSA Received Julyfinal version received October Energy price shocks are widely believed to have severe macroeconomic effects, although this conclusion is far from unanimous in the economics.
Kilian, Lutz () The economic effects of energy price shocks. Journal of Economic Literature 46 (4), – Kilian, Lutz () Not all oil price shocks are alike: Disentangling demand and supply shocks in the crude oil market. The Economic Effects of Energy Price Shocks by Lutz Kilian.
Published in vol issue 4, pages of Journal of Economic Literature, DecemberAbstract: Large fluctuations in energy prices have been a distinguishing characteristic of the U.S. economy since the s.
Turmoil in the Mi. Economic Shock: An economic shock is an event that occurs outside of an economy, and produces a significant change within an economy.
We examine four different hypotheses for the mild effects on inflation and economic activity of the recent increase in the price of oil: (a) good luck (i.e. lack of concurrent adverse shocks), (b) smaller share of oil in production, (c) more flexible labor markets, and (d) improvements in monetary policy.
This chapter compares the responses of virtually all of the widely used models of the U.S. economy to energy price shocks and macroeconomic policies. There was widespread agreement that a 50 percent oil price shock would severely reduce U.S. real output and international purchasing power.
This paper attempts to quantify the macroeconomic impact of costly and deadly disasters in recent US history, and to translate these estimates into an analysis of the likely impact of COVID A costly disaster series is constructed over the sample and the dynamic impact of a disaster shock on economic activity and on uncertainty.
Macroeconomic Shocks and Their Propagation Valerie A. Ramey. NBER Working Paper No. Issued in February NBER Program(s):Economic Fluctuations and Growth, Monetary Economics This chapter reviews and synthesizes our current understanding of the shocks that drive economic.
Kiseok Lee & Shawn Ni & Ronald A. Ratti, "Oil Shocks and the Macroeconomy: The Role of Price Variability," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages Lutz Kilian, "A Comparison of the Effects of Exogenous Oil Supply Shocks on Output and Inflation in the G7 Countries," Journal of the European Economic Association, MIT Press, vol.
NBER Program(s):Economic Fluctuations and Growth, Monetary Economics. We present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate demand larger than the shocks themselves.
We argue that the economic shocks associated to the COVID epidemic—shutdowns, layoffs, and firm exits—may have this feature. Shocks stemming from the global financial crisis have had wide-reaching effects on macroeconomic financial stability in emerging Asia.
Barely two decades after the Asian financial crisis, Asia was suddenly confronted with multiple challenges originating from outside the region: the global financial crisis, the European debt crisis, and finally developed economies’ implementation of.
As the world struggles to deal with the COVID pandemic and its huge economic impact, Oxford University Press has pulled together the latest most relevant research from across our publishing programme on the causes and potential policy responses to major economic shocks and crises.
We extend Kilian's () framework to identify an exogenous shock arising from changes in financial market conditions and examine the consequent macroeconomic impacts of oil price changes.
We find that a financial shock is a key determinant of oil prices and its macroeconomic impact is as important as the impact of other underlying shocks.
Macroeconomic Effects of Financial Shocks by Urban Jermann and Vincenzo Quadrini. Published in volumeissue 1, pages of American Economic Review, FebruaryAbstract: We document the cyclical properties of US firms' financial flows and. Macroeconomic Effects Making businesses and households more energy efficient causes macroeconomic effects.
Unlike economic impacts, which focus on spending passed along the supply chain, macroeconomic effects are more broadly felt and are the third effect analyzed by ECONorthwest. Better efficiency means that Oregon’s economy.
Richard Layard & Stephen John Nikell () in their book that due to wedge effects, the wage setting curve is affected by oil price shocks. For example, labour unions push to increase real wages by raising nominal wages, since the real price of oil .Energy efficiency and renewable energy sources are the two main pillars of the future energy system the German government aims at with its long-term energy concept.
This chapter reports the economic impacts of these mitigation policies based on two recently completed studies with the economy–energy–environment model PANTA RHEI. Results show both for energy efficiency and for .