Oil Price Shocks : Can they Account for the Stagflation in the 1970's? /

Using a variant of the IMF's Global Economy Model (GEM), featuring energy as both an intermediate input into production and a final consumption good, this paper examines the macroeconomic implications of large increases in the price of energy. Within a fully optimizing framework with nominal an...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Hunt, Benjamin
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2005.
سلاسل:IMF Working Papers; Working Paper ; No. 2005/215
الوصول للمادة أونلاين:Full text available on IMF