Energy Price Shocks and Macroeconomic Performance: 1st Edition (Paperback) book cover

Energy Price Shocks and Macroeconomic Performance

1st Edition

By Douglas R. Bohi

Routledge

94 pages

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Paperback: 9781138947191
pub: 2017-08-11
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pub: 2017-01-19
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Description

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.

Table of Contents

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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Subject Categories

BISAC Subject Codes/Headings:
BUS099000
BUSINESS & ECONOMICS / Environmental Economics
SCI026000
SCIENCE / Environmental Science