IDEAS home Printed from https://ideas.repec.org/a/ids/ijsuse/v3y2011i1p1-19.html
   My bibliography  Save this article

Macroeconomic effects of high oil prices on the Swiss economy: 2003–2008

Author

Listed:
  • Erdal Atukeren

Abstract

In this paper, we examine the macroeconomic impact of the high oil price era between 2003 and mid-2008 on the Swiss economy. Using a medium-scale disequilibrium macroeconometric model, we focus not only on the effects of oil prices on the real GDP growth but also on their effects on demand-side components, prices, labour market and capacity output. Our simulation results indicate that high oil prices still had a non-negligible negative impact on economic performance despite the observed above average real economic growth rates. We have also found that an accommodative monetary policy might help in smoothing the negative effects of oil price shocks.

Suggested Citation

  • Erdal Atukeren, 2011. "Macroeconomic effects of high oil prices on the Swiss economy: 2003–2008," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 3(1), pages 1-19.
    • Handle: RePEc:ids:ijsuse:v:3:y:2011:i:1:p:1-19
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=37717
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijsuse:v:3:y:2011:i:1:p:1-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=301 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.