Atukeren, Erdal - In: International Journal of Sustainable Economy 3 (2011) 1, pp. 1-19
In this paper, we examine the macroeconomic impact of the high oil price era between 2003 and mid-2008 on the Swiss economy. Using a medium-scale disequilibrium macroeconometric model, we focus not only on the effects of oil prices on the real GDP growth but also on their effects on demand-side...