Abstract
Bruno analyzes short-run and long-run allocational effects of temporary and permanent increases in the prices of imported raw materials, a decrease in the world rate of interest, and several other kinds of disturbances. More precisely, the effects on production and consumption of traded and nontraded final goods, investment and the trade balance are considered.
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Reference
Marion, N. P.: Anticipated and unanticipated oil price increases and the current account. NBER Working Paper, No. 759, 1981.
Razin, A.: Capital movements, intersectoral resource shifts, and the trade balance. Seminar Paper No. 159, Institute for International Economic Studies, University of Stockholm, 1980.
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© 1983 The Scandinavian Journal of Economics
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Svensson, L.E.O. (1983). Comment on M. Bruno, “Adjustment and Structural Change under Supply Shocks”. In: Calmfors, L. (eds) Long-Run Effects of Short-Run Stabilization Policy. Scandinavian Journal of Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06349-9_7
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DOI: https://doi.org/10.1007/978-1-349-06349-9_7
Publisher Name: Palgrave Macmillan, London
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