Perfect competition and the effects of energy price increases on economic activity

Journal of Money, Credit and Banking

Volumn 32, Issue 3, 2000, Pages 400-416

  Finn, Mary G ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0040788529     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.2307/2601172     Document Type: Article

References (27)

1. Bils, Mark, and Jang-Ok Cho. "Cyclical Factor Utilization." Journal of Monetary Economics 33:2 (April 1994), 319-54.
2. Burnside, Craig, and Martin Eichenbaum. "Factor-Hoarding and the Propagation of Business Cycle Shocks." American Economic Review 86 (December 1996), 1154-74.
3. Cogley, Timothy, and James M. Nason. "Output Dynamics in Real-Business-Cycle Models." American Economic Review 85:3 (June 1995), 492-511.
4. Finn, Mary G. "Energy Price Shocks, Capacity Utilization, and Business Cycle Fluctuations." Institute for Empirical Macroeconomics Discussion Paper no. 50, Federal Reserve Bank of Minneapolis, September 1991.
5. _. "Variance Properties of Solow's Productivity Residual and Their Cyclical Implications." Journal of Economic Dynamics and Control 19 (July 1995), 1249-81.
6. _. "A Theory of the Capacity Utilization/Inflation Relationship." Federal Reserve Bank of Richmond Economic Quarterly 82 (Summer 1996), 67-86.
7. _. "Cyclical Effects of Government's Employment and Goods Purchases." International Economic Review 39:3 (August 1998), 635-57.
8. Ghez, Gilbert, and Gary Becker. The Allocation of Time and Goods over the Life Cycle. New York: Columbia University Press, 1975.
9. Greenwood, Jeremy, Zvi Hercowitz, and Gregory Huffman. "Investment, Capacity Utilization, and the Real Business Cycle." American Economic Review 78 (1988), 402-17.
10. Greenwood, Jeremy, Zvi Hercowitz, and Per Krussel. "The Role of Investment-Specific Technological Change in the Business Cycle." Rochester Center for Economic Research WP no. 449, May 1998.
11. Hall, Robert E. "The Relation between Price and Marginal Cost in U.S. Industry." Journal of Political Economy 96 (October 1988), 921-47.
12. _. "Invariance Properties of Solow's Productivity Residual." In Growth-Productivity-Unemployment, edited by Peter A. Diamond. Cambridge, Mass.: MIT Press, 1990.
13. Hamilton, James D. "Oil and the Macroeconomy since World War II." Journal of Political Economy 91 (1983), 228-48.
14. _. "Historical Causes of Postwar Oil Shocks and Recessions." The Energy Journal 6 (1985), 97-116.
15. _. "This Is What Happened to the Oil Price-Macroeconomy Relationship." Journal of Monetary Economics 38 (October 1996), 215-20.
16. Hansen, Lars P., and Kenneth J. Singleton. "Stochastic Consumption, Risk Aversion, and the Temporal Behavior of Asset Returns." Journal of Political Economy 91 (April 1983), 249-65.
17. Jorgenson, Dale, and Zvi Griliches. "The Explanation of Productivity Change." Review of Economic Studies 34 (1967), 247-83.
18. Kydland, Finn E., and Edward C. Prescott. "Time to Build and Aggregate Fluctuations." Econometrica 50 (November 1982), 1345-70.
19. _. "The Workweek of Capital and Its Cyclical Implications." Journal of Monetary Economics 21 (1988), 343-60.
20. _ "Hours and Employment Variation in Business Cycle Theory." Economic Theory 1 (1991), 63-81.
21. Lucas, Robert E., Jr. "Capacity, Overtime, and Empirical Production Functions." American Economic Review 60 (1970), 23-27.
22. _. "Supply-Side Economics: An Analytical Review." Oxford Economic Papers 42 (April 1990), 293-316.
23. Mork, Knut A. "Oil and the Macroeconomy When Prices Go Up and Down: An Extension of Hamilton's Results." Journal of Political Economy 97 (1989), 740-44.
24. Prescott, Edward C. "Theory Ahead of Business Cycle Measurement." Carnegie-Rochester Conference Series on Public Policy 24 (Autumn 1986), 11-44.
25. Rasche, Robert, and John Tatom. "Energy Price Shocks, Aggregate Supply, and Monetary Policy: The Theory and The International Evidence." Carnegie-Rochester Conference Series on Public Policy 14 (1981), 9-94.
26. Rotemberg, Julio J., and Michael Woodford. "Imperfect Competition and the Effects of Energy Price Increases on Economic Activity." Journal of Money, Credit, and Banking 28 (November 1996), 549-77.
27. Taubman, Paul, and Maurice Wilkinson. "User Cost, Capacity Utilization, and Investment Theory." International Economic Review 11 (1970), 209-15.