000			02160cam a22003257 4500
001			w0582
003			NBER
005			20211020115437.0
006			m o d
007			cr cnu||||||||
008			210910s1980 mau fo 000 0 eng d
100	1		_aSachs, Jeffrey D.
245	1	0	_aEnergy and Growth under Flexible Exchange Rates: _bA Simulation Study / _cJeffrey D. Sachs.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1980.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w0582
500			_aNovember 1980.
520	3		_aThis paper offers a theoretical framework for studying the inter-actions of energy prices and economic growth. The incorporation of energy prices and quantities in a macroeconomic setting focuses on (1)the aggregate technology; (2) the interdependence of energy producers and consumers in the world economy; and (3) the asset markets as the channel through which energy price changes affect output and capital accumulation. While several existing studies consider aspects of these issues, none provides a synthesis. In this analysis, a theoretically sound model of an oil price increase in the world economy is presented, carefully treating topics (1) - (3).The model is solved with computer simulation, as it is far too complex to yield analytical solutions.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE - Macroeconomics and Monetary Economics _2Journal of Economic Literature class.
690		7	_aQ - Agricultural and Natural Resource Economics • Environmental and Ecological Economics _2Journal of Economic Literature class.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w0582.
856	4	0	_uhttps://www.nber.org/papers/w0582
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w0582
942			_2ddc _cW-PAPER
999			_c348024 _d306586