Energy Prices, Inflation, and Recession, 1974-1975

Knut Anton Mork and Robert Hall ()

The Energy Journal, 1980, vol. Volume 1, issue Number 3, 31-64

Abstract: The rapid escalations of energy prices, in late 1973 and early 1974 and again in mid- and late-1979, have had major adverse impactson the U.S. economy. The energy price shock of 1973-1974 played a dominant role, by most accounts, in bringing about the deep recession and high inflation of the mid-1970s. In the most recent period, the full impact is yet to be seen, but it does not appear to be minor.In a previous paper published in this journal, (volume 1, number 2, April 1980), we presented the results of our efforts to quantify the economic impact on the U.S. economy of the July 1979 oil price increases;in that paper, we provided only a summary explanation of the model on which these results were based.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1980
References: Add references at CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
http://www.iaee.org/en/publications/ejarticle.aspx?id=1466 (text/html)
Access to full text is restricted to IAEE members and subscribers.

Related works:
Working Paper: Energy Prices, Inflation, and Recession, 1974-1975 (1979)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aen:journl:1980v01-03-a02

Ordering information: This journal article can be ordered from
http://www.iaee.org/en/publications/ejsearch.aspx

Access Statistics for this article

More articles in The Energy Journal from International Association for Energy Economics Contact information at EDIRC.
Bibliographic data for series maintained by David Williams ().