Coping with oil price shocks ‐ the case of Japan

Budd, Alan; Dicks, Geoffrey

doi:10.1111/j.1468-0319.1982.tb00816.x

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Economic Outlook

1982

DOI: 10.1111/j.1468-0319.1982.tb00816.x

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Coping with oil price shocks ‐ the case of Japan

Alan Budd¹,

Geoffrey Dicks²

Abstract: Abstnrct Some of the results ofa cornputer simulation on the effects ofadesirable adjustment of the Japanese industrial structure are described. The simulation model is based on an LP calculation under certain constraints of energy consurnption, using the abbreviated industrial input-output table for 1979. The objective functien of this LP model, which the author refers to as a welfare function, is selected to be maxirntzed by the output yector of domestic indttstries under some possible constraints.

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2012

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“…5 5 Budd and Dicks (1982) compared the effects of oil prices during OPEC I (1973–74) and OPEC II (1979–80), although their informal comparisons were not based on econometric results. …”

mentioning

confidence: 99%

Oil price shocks and Japanese macroeconomic developments

Jiménez‐Rodríguez

Sánchez

2012

Asian-Pac Economic Lit

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Using quarterly data for Japan over the period 1976:I–2008:II within a modelling strategy incorporating information about structural breaks in the variables included to represent the macroeconomic transmission channels, this paper shows that oil price shocks led to a fall in industrial production and higher inflation. However, these effects are only evident in the late 1970s and early 1980s. In more recent episodes of sharp oil price increases, inflationary effects are barely visible, and there is very limited evidence of oil‐induced industrial slowdowns.

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“…5 5 Budd and Dicks (1982) compared the effects of oil prices during OPEC I (1973–74) and OPEC II (1979–80), although their informal comparisons were not based on econometric results. …”

mentioning

confidence: 99%

Oil price shocks and Japanese macroeconomic developments

Jiménez‐Rodríguez

Sánchez

2012

Asian-Pac Economic Lit

View full text Add to dashboard Cite

show abstract

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Coping with oil price shocks ‐ the case of Japan

Cited by 1 publication

References 0 publications

Oil price shocks and Japanese macroeconomic developments

Oil price shocks and Japanese macroeconomic developments

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