An Oil and Gas Model

An Oil and Gas Model
This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing world oil and gas markets. The model described carefully the parameters of these markets and their vulnerability to business cycles. Estimates showed that short-run demand for oil and gas was price- inelastic, relatively income-elastic, and was... READ MORE...

Publication date: June 2007
ISBN 9781451866995
$18.00

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