Mork, Knut Anton; Hall, Robert E. - In: The Energy Journal Volume 1 (1980) Number 3, pp. 31-64
The rapid escalations of energy prices, in late 1973 and early 1974 and again in mid- and late-1979, have had major adverse impactson the U.S. economy. The energy price shock of 1973-1974 played a dominant role, by most accounts, in bringing about the deep recession and high inflation of the...