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What determines the output drop after an energy price increase: Household or firm energy share?
Rajeev Dhawan () and
Karsten Jeske
Economics Letters , 2008, vol. 101, issue 3, pages 202-205
Abstract:
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.
Keywords: Energy ; prices ; Household ; energy ; use ; Impulse ; response ; functions (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:3:p:202-205
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