This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous …-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic … goods is realistically low, increases in energy prices depress real incomes and cause a recession, even if the central bank …

network economics. Physical networks are pervasive in today's society in the form of transportation network, energy networks … unification, documentation and presentation of fundamental methodologies for use by researchers and practitioners. Network … through a common graphic structure. Network Economics establishes the connections among economic equilibrium problems through …

The second and revised edition of Network Economics: A Variational Inequality Approach provides an updated treatment of … network economics through the inclusion of new theoretical results and new applications, as well as problems for self …'s society in the form of transportation networks, telecommunication networks, energy networks, and financial networks, whereas …