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An Economic Perspective on Mexico's Nascent Deregulation of Retail Petroleum Markets
Davis, Lucas W. - 2018
Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline … regulated retail prices. This industry structure is changing, however, as part of Mexico's broader energy reforms aimed at … gasoline and diesel. In this paper, we provide an economic perspective on Mexico's nascent deregulation. Although in many ways …
Persistent link: https://www.econbiz.de/10012453169
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The Coronavirus and the Great Influenza Pandemic : Lessons from the “Spanish Flu” for the Coronavirus’s Potential Effects on Mortality and Economic Activity
Barro, Robert J. - 2020
.1 percent of world population, implying 150 million deaths when applied to current population. Regressions with annual …
Persistent link: https://www.econbiz.de/10012482047
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Deflation and Depression : Is There and Empirical Link?
Atkeson, Andrew - 2004
Are deflation and depression empirically linked? No, concludes a broad historical study of inflation and real output growth rates. Deflation and depression do seem to have been linked during the 1930s. But in the rest of the data for 17 countries and more than 100 years, there is virtually no...
Persistent link: https://www.econbiz.de/10012468425
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Macrofinancial History and the New Business Cycle Facts
Jordà, Òscar - 2016
In advanced economies, a century-long near-stable ratio of credit to GDP gave way to rapid financialization and surging leverage in the last forty years. This "financial hockey stick" coincides with shifts in foundational macroeconomic relationships beyond the widely-noted return of...
Persistent link: https://www.econbiz.de/10012455937
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World Equilibrium with Oil Price Increases : An Intertemporal Analysis
Marion, Nancy Peregrim - 1983
world rate of interest(intertemporal terms of trade effects) and, for rigid wages, changes in employment. Thus Industria … gains from the intertemporal terms of trade effect if it is a net borrower and the world rate of interest falls. Precise … conditions for whether the world rate of interest falls or rises are given.We also show that Industria may gain from subsidizing …
Persistent link: https://www.econbiz.de/10012478029
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Historical Oil Shocks
Hamilton, James D. - 2011
post-World-War-II oil shocks reviewed include the Suez Crisis of 1956-57, the OPEC oil embargo of 1973-1974, the Iranian …
Persistent link: https://www.econbiz.de/10012461867
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Cursed Resources? Political Conditions and Oil Market Outcomes
Metcalf, Gilbert E. - 2010
understanding world oil markets …
Persistent link: https://www.econbiz.de/10012462043
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Understanding Crude Oil Prices
Hamilton, James D. - 2008
This paper examines the factors responsible for changes in crude oil prices. The paper reviews the statistical behavior of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and supply. Topics discussed include the role of commodity...
Persistent link: https://www.econbiz.de/10012464155
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Lags, Costs, and Shocks : An Equilibrium Model of the Oil Industry
Bornstein, Gideon - 2017
the world economy. We analyze the impact of the advent of fracking on the volatility of oil prices. Our model predicts a …
Persistent link: https://www.econbiz.de/10012455258
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The Changing Face of World Oil Markets
Hamilton, James D. - 2014
point in the history of the world's use of this key energy source. In this article I review five of the ways in which the … world of energy may have changed forever …
Persistent link: https://www.econbiz.de/10012458312