WorldCat Identities

Thompson, John

Works: 1 works in 3 publications in 1 language and 8 library holdings
Classifications: HD9502.A2,
Publication Timeline
Most widely held works by John Thompson
Business cycles : the role of energy prices by Stephen P. A Brown( Book )

3 editions published in 2003 in English and held by 8 WorldCat member libraries worldwide

"Oil price shocks have figured prominently in U.S. business cycles since the end of World War II--although the relationship seems to have weakened during the 1990s. In addition the economy appears to respond asymmetrically to oil price shocks, rising oil prices hurt economic activity more than falling oil prices help it. This section of the Encyclopedia of Energy sorts through an extensive economics literature that relates oil price shocks to aggregate economic activity. It examines how oil price shocks create business cycles, why they seem to have a disproportionate effect on economic activity, why the economy responds asymmetrically to oil prices, and why the relationship between oil prices and economic activity may have weakened. It also addresses the issue of developing energy policy to mitigate the economic effects of oil price shocks"--Federal Reserve Bank of Dallas web site
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.73 (from 0.73 for Business c ... to 0.73 for Business c ...)