Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w0997 |
来源ID | Working Paper 0997 |
Adjustment to Expected and Unexpected Oil Price Changes | |
Nancy Peregrim Marion; Lars E.O. Svensson | |
发表日期 | 1982-10-01 |
出版年 | 1982 |
语种 | 英语 |
摘要 | For oil importers, differences in economic performance after the 1973-74 oil price increase and after the 1979-80 increase can be attributed to a number of factors, including the fact that the 1973-74 oil price increase was unexpected whereas the 1979-80 increase was largely expected. In this paper, we analyze how an economy's adjustment to expected oil price increases might differ from its adjustment to unexpected increases. By expected oil price increases, we shall mean ones that were anticipated in the past, and by unexpected oil price increases, we shall mean those that were not anticipated in the past but occur unexpectedly in the present. We model this distinction using a three- period model, where the periods are called the past, present and future. |
URL | https://www.nber.org/papers/w0997 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558216 |
推荐引用方式 GB/T 7714 | Nancy Peregrim Marion,Lars E.O. Svensson. Adjustment to Expected and Unexpected Oil Price Changes. 1982. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w0997.pdf(235KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。