Ciola, Emanuele; Turco, Enrico; Gurgone, Andrea; … - 2022
adaptive system and assess the effects of energy shocks on the economic dynamics. The economic system is populated by … and distributional effects of different types of energy shocks, that is an exogenous increase in the price of natural … resources such as oil or gas and a decrease in the energy firms' productivity. We find that whereas the two energy shocks entail …