What determines the output drop after an energy price increase: Household or firm energy share?
We 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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Karsten Jeske & Rajeev Dhawan, 2006. "Energy and the Macroeconomy: The Role of Consumer Durables," 2006 Meeting Papers 719, Society for Economic Dynamics.
- Collard, Fabrice & Juillard, Michel, 1999.
"Accuracy of stochastic perturbuation methods: the case of asset pricing models,"
CEPREMAP Working Papers (Couverture Orange)
- Collard, Fabrice & Juillard, Michel, 2001. "Accuracy of stochastic perturbation methods: The case of asset pricing models," Journal of Economic Dynamics and Control, Elsevier, vol. 25(6-7), pages 979-999, June.
- Rajeev Dhawan & Karsten Jeske, 2006.
"Energy price shocks and the macroeconomy: the role of consumer durables,"
FRB Atlanta Working Paper
2006-09, Federal Reserve Bank of Atlanta.
- Rajeev Dhawan & Karsten Jeske, 2008. "Energy Price Shocks and the Macroeconomy: The Role of Consumer Durables," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(7), pages 1357-1377, October.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:101:y:2008:i:3:p:202-205. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shamier, Wendy)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.