Macroeconomics in Ecological Context pp 355-360 | Cite as
Business Cycles Under Resource Constraints
Chapter
First Online:
Abstract
This chapter looks at the different relationships between resources and recessions, depending on whether the recession is caused by events in resource markets, or caused by something else, then having effects on resource markets. It also looks at the limitations on policy efficacy when recessions are driven by resource events.
Keywords
Monetary Policy Business Cycle Aggregate Demand Supply Curve Leftward Shift
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
References
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- 3.Hamilton, J. D. (2009). Causes and consequences of the oil shock of 2007–08. Brookings papers on economic activity, Spring:215–283.Google Scholar
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