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来源类型Working Paper
规范类型报告
DOI10.3386/w0839
来源IDWorking Paper 0839
Structural Differences and Macroeconomic Adjustment to Oil Price Increases in a Three-Country Model
Nancy Peregrim Marion; Lars E.O. Svensson
发表日期1982
出版年1982
语种英语
摘要In this paper a three-country model based on intertemporal maximizing behavior is constructed in order to analyze the effects of oil price increases on welfare levels and trade balance positions. The model can also be used to assess the effects of oil price increases on the world interest rate, on the final goods terms of trade between oil importers (what is sometimes called the real exchange rate), and on output, investment and savings levels, oil imports, wages, and consumption at each date. The analysis highlights the role of structural asymmetries between oil importers in accounting for differences in trade balance responses. A number of structural differences are isolated in turn in order to determine their influence on the final goods terms of trade, which is the key factor in affecting relative trade balance positions.
主题International Economics
URLhttps://www.nber.org/papers/w0839
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/558051
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GB/T 7714
Nancy Peregrim Marion,Lars E.O. Svensson. Structural Differences and Macroeconomic Adjustment to Oil Price Increases in a Three-Country Model. 1982.
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