U.S. agricultural exports rose slightly during the first 5 months of FY 1990, climbing 4 percent to $18 billion....More than 18 percent of the value of U.S. agricultural production was exported in FY 1989, up from. 16 percent the previous year and the highest total in 5 years ••• For the...

This paper, using a six-region DSGE model of the world economy, assesses the GDP and current account implications of permanent oil supply shocks hitting the world economy at an unspecified future date. For modest-sized shocks and conventional production technologies the effects are modest. But...