Energy Price Shocks and Macroeconomic Performance

Energy Price Shocks and Macroeconomic Performance
Author: Douglas R. Bohi
Publisher: Routledge
Total Pages: 108
Release: 2017-02-17
Genre: Business & Economics
ISBN: 1317366441

The oil price shocks of the 1970’s led to severe recessions in the 1980’s in the United States. Originally published in 1989 in the aftermath, Bohi attempts to show both how energy prices can cause a decline in output and employment and to explore important other factors which led to the recessions using the US, United Kingdom, Japan and Germany as examples. The findings in Energy Price Shocks and Macroeconomic Performance have major implications for energy policy and questions government plans which focus solely on preventing another oil supply disruption. This title will be of interest to students of environmental studies and economics as well as professionals.

Microeconomics

Microeconomics
Author: David Besanko
Publisher: John Wiley & Sons
Total Pages: 821
Release: 2010-10-25
Genre: Business & Economics
ISBN: 0470563583

Business professionals that struggle to understand key concepts in economics and how they are applied in the field rely on Microeconomics. The fourth edition makes the material accessible while helping them build their problem-solving skills. It includes numerous new practice problems and exercises that arm them with a deeper understanding. Learning by Doing exercises explore the theories while boosting overall math skills. Graphs are included throughout the mathematical discussions to reinforce the material. In addition, the balanced approach of rigorous economics gives business professionals a more practical resource.

Policy Analysis

Policy Analysis
Author: David L. Weimer
Publisher: Taylor & Francis
Total Pages: 480
Release: 2017-03-31
Genre: Political Science
ISBN: 1315442116

Often described as a public policy “bible,” Weimer and Vining remains the essential primer it ever was. Now in its sixth edition, Policy Analysis provides a strong conceptual foundation of the rationales for and the limitations to public policy. It offers practical advice about how to do policy analysis, but goes a bit deeper to demonstrate the application of advanced analytical techniques through the use of case studies. Updates to this edition include: A chapter dedicated to distinguishing between policy analysis, policy research, stakeholder analysis, and research about the policy process. An extensively updated chapter on policy problems as market and governmental failure that explores the popularity of Uber and its consequences. The presentation of a property rights perspective in the chapter on government supply to help show the goal tensions that arise from mixed ownership. An entirely new chapter on performing analysis from the perspective of a public agency and a particular program within the agency’s portfolio: public agency strategic analysis (PASA). A substantially rewritten chapter on cost–benefit analysis, to better prepare students to become producers and consumers of the types of cost–benefit analyses they will encounter in regulatory analysis and social policy careers. A new introductory case with a debriefing that provides advice to help students immediately begin work on their own projects. Policy Analysis: Concepts and Practices remains a comprehensive, serious, and rich introduction to policy analysis for students in public policy, public administration, and business programs.

Policy Analysis

Policy Analysis
Author: David L. Weimer
Publisher: Routledge
Total Pages: 494
Release: 2015-07-02
Genre: Political Science
ISBN: 1317345657

Updated in a new 5th edition, this book lays a strong conceptual foundation to understanding the rationales of and limitations to public policy. It gives practical advice about how to do policy analysis while demonstrating the application of advanced analytical techniques through case study examples. Policy Analysis: Concepts and Practices is a comprehensive, accessible, and rich introduction to policy analysis for readers in public policy, public administration, and business programs.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
Total Pages: 34
Release: 2021-11-12
Genre: Business & Economics
ISBN: 1616356154

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

The Strategic Petroleum Reserve

The Strategic Petroleum Reserve
Author: Bruce A. Beaubouef
Publisher: Texas A&M University Press
Total Pages: 366
Release: 2007-08-15
Genre: History
ISBN: 9781585446001

In 1973, the United States and other western countries were shocked by the Arab oil embargo. Lines formed at gasoline pumps; fuel stations ran out of supply; prices skyrocketed; and the nation realized its vulnerability to decisions made by leaders of countries half a world away. In response, the U.S. Strategic Petroleum Reserve (SPR), which was signed into law by President Gerald Ford in 1975, has become the nation’s primary tool of energy policy. Following its first major use during the Persian Gulf War of 1991, officials and policy makers at the highest levels increasingly turned to the SPR to stave off shortages and mitigate rising energy prices. Author and historian Bruce A. Beaubouef examines, for the first time, the interactions that have shaped the development of the SPR. He argues that the SPR has survived because it is a passive regulatory tool that serves to protect energy consumers and petroleum consumption and does not compete with the American oil industry. Indeed, by the late twentieth century, as American import dependency reached new heights, refiners and transporters increasingly relied upon the SPR as a ready resource to help maintain feedstock when supplies were tight or disrupted. In a time of continued vulnerability, this definitive work will be of interest to those concerned with the history, economy, and politics of the oil and gas industry, as well as to historians and practitioners of oil and energy policy.

Oil Outlook

Oil Outlook
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Fossil and Synthetic Fuels
Publisher:
Total Pages: 996
Release: 1986
Genre: Petroleum conservation
ISBN:

Recent Modelling Approaches in Applied Energy Economics

Recent Modelling Approaches in Applied Energy Economics
Author: O. Bjerkholt
Publisher: Springer Science & Business Media
Total Pages: 276
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9401130884

construction. Naturally, we are open to suggestions from all readers of, and contributors to, the series regarding its approach and content. Finally, I would like to thank all those who have helped the launch of this series. The encouraging response received from authors who have contributed the forthcoming volumes and from the subscribers to the series has indicated the need for such a publication. Homa Motamen-Scobi London December 1987 Preface In 1990 both OPEC and the OECD will celebrate their thirtieth anntvers aries. OPEC was founded - rather unnoticed - by oil-producing countries still struggling to gain control over national petroleum resources. Future members were still under colonial rule. The foremost aim of the new organization - years before it was able to make metropolitan newspaper headlines - was stabilizing oil prices. Stability in those days meant prevent ing oil prices from falling in real terms. The OECD was formed by mostly mature industrial economies marking the normalization of the postwar international economy after years of reconstruction, strict trade regulations, etc. The aim of the new organization was to promote 'the highest sustainable growth and employment' in member countries. Incidentally, 1960 was also the year which gave birth to a more loosely defined block in the world community, namely the underdeveloped countries, qS the African colonial empires finally broke up. The two organizations became adversaries in the 1970s in the power struggle over the energy flows of the world.