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...
| 1. autor: | |
|---|---|
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2005/215 |
| Dostęp online: | Full text available on IMF |