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...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2005/215 |
| Онлайн доступ: | Full text available on IMF |