Description
Energy Price Shocks and Macroeconomic Performance
Routledge Revivals Series
Language: EnglishKeywords
Energy Price Shocks; Environmental Economics; Oil Price Shocks; Environmental Studies; Price Shocks; Energy Intensity; Energy Price; Ye Ar; Productivity Slowdown; Multifactor Productivity; Shock Periods; Strategic Petroleum Reserve; Energy Intensive Industries; Energy Price Increase; Ar El; United States; Energy Policy; Doe; GNP Growth Rate; Japan United Kingdom United States; West Germany; Capital Services; Macroeconomic Costs; Energy Price Change; Real Labor Costs; CAPITAL OBSOLESCENCE; Wage Gap
Publication date: 08-2015
· 13.8x21.6 cm · Hardback
Publication date: 08-2017
· 13.8x21.6 cm · Paperback
Description
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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.
Preface; 1. Introduction 2. Overview of the Economic Record 3. Linkages between Energy and the Economy 4. Factor Substitution and Productivity 5. Wage Rigidity and the Level of Employment 6. Acceleration of Capital Obsolescence 7. Demand-Side Effects 8. Conclusions; References and Bibliography
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