Aguiar-Conraria, Luís (contributor); Wen, Yi (contributor) - 2007 - Rev.
depend heavily on imported energy in production, making them vulnerable
to changes in the prices of oil in the world market … the great stag�ation?
A monetary alternative, in Ben S. Bernanke and Kenneth S. Rogo�, eds., Macroeconomics
Annual … easier to occur. This is demonstrated in a standard neoclassical
growth model. Calibration exercises, based on the estimated …