Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70706
Authors: 
Dhawan, Rajeev
Jeske, Karsten
Year of Publication: 
2007
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2007-20
Abstract: 
During the past thirty-five years, energy use as a fraction of output has dropped significantly at both the household and the firm levels. Therefore, we investigate a dynamic stochastic generalized equilibrium model economy's response to an energy price hike for different firm and household energy shares. Simulation results indicate that the economy's output response is mainly determined by the firm energy share. Increasing the household energy share while keeping firm energy share constant actually decreases the output response.
Subjects: 
energy prices
business cycles
durable goods
JEL: 
E32
Q43
Document Type: 
Working Paper

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