What determines the output drop after an energy price increase: Household or firm energy share?

We investigate a DSGE economy's response to energy price hikes for changing firm and household energy shares over the 1970-2005 period. Simulation results indicate that the economy's output response is mainly determined by the firm rather than the household share.

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Year of publication:	2008
Authors:	Dhawan, Rajeev ; Jeske, Karsten
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 3, p. 202-205
Publisher:	Elsevier
Keywords:	Energy prices Household energy use Impulse response functions

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005257824