Hickman, Bert G.; Huntington, Hillard G.; Sweeney, James L. - In: The Energy Journal Volume 10 (1989) Number 4, pp. 189-198
At its heart, Harry Saunders' Comment raises two principal criticisms I of the EMF study, "Macroeconomic Impacts of Energy Shocks"; The EMF study held constant the disrupted-state world oil price; effects of policy actions on the world oil price were not included. Saunders faults the EMF for not...
