Abstract
Economic planners and policy-makers have been acquainted, in the last fifteen years, with unanticipated oil price increases. The energy economics literature is abundant with research exploiting alternative macroeconomic policy rules that would mitigate the negative impacts of oil price shocks. However, the unprecedented nosedive of oil prices in 1986 poses some new policy questions, beside serving as a reminder about the volatility of the world oil market.
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Capros, P., Karadeloglou, P., Mentzas, G. (1992). Energy policies in a macroeconomic model: an analysis of energy taxes when oil prices decline. In: Sterner, T. (eds) International Energy Economics. International Studies in Economic Modelling. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2334-1_10
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DOI: https://doi.org/10.1007/978-94-011-2334-1_10
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