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来源类型Working Paper
规范类型报告
DOI10.3386/w0997
来源IDWorking 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.
URLhttps://www.nber.org/papers/w0997
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/558216
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GB/T 7714
Nancy Peregrim Marion,Lars E.O. Svensson. Adjustment to Expected and Unexpected Oil Price Changes. 1982.
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