What determines the output drop after an energy price increase: Household or firm energy share?
AbstractWe investigate a DSGE economy's response to energy price hikes for changing firm and household energy shares over the 1970-2005 period. Simulation results indicate that the economy's output response is mainly determined by the firm rather than the household share.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 101 (2008)
Issue (Month): 3 (December)
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Web page: http://www.elsevier.com/locate/ecolet
Energy prices Household energy use Impulse response functions;
Other versions of this item:
- Rajeev Dhawan & Karsten Jeske, 2007. "What determines the output drop after an energy price increase: household or firm energy share?," Working Paper 2007-20, Federal Reserve Bank of Atlanta.
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CEPREMAP Working Papers (Couverture Orange)
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- Rajeev Dhawan & Karsten Jeske & Pedro Silos, 2010.
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- Rajeev Dhawan & Karsten Jeske & Pedro Silos, 2009. "Code and data files for "Productivity, Energy Prices, and the Great Moderation: A New Link"," Computer Codes 09-14, Review of Economic Dynamics.
- Pedro Silos & Karsten Jeske & Rajeev Dhawan, 2008. "Productivity, Energy Prices and the Great Moderation: A New Link," 2008 Meeting Papers 877, Society for Economic Dynamics.
- Rajeev Dhawan & Karsten Jeske & Pedro Silos, 2008. "Productivity, energy prices, and the Great Moderation: a new link," Working Paper 2008-11, Federal Reserve Bank of Atlanta.
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