dunnettreader + oil_price   7

James Tobin - The Monetarist Counter-Revolution Today - An Appraisal (1981) | The Economic Journal on JSTOR
The Monetarist Counter-Revolution Today-An Appraisal
James Tobin
The Economic Journal
Vol. 91, No. 361 (Mar., 1981), pp. 29-42
Published by: Wiley on behalf of the Royal Economic Society
DOI: 10.2307/2231692
Stable URL: http://www.jstor.org/stable/2231692
Via Anne @ Thoma re Krugman returning to Tobin and seeing his counterblast as not the last feeble defense against the new kids on the block - Tobin was right!
Downloaded via iPhone to DBOX
RBC  20thC  downloaded  central_banks  Volker  article  social_sciences-post-WWII  wages  monetarism  Friedman_Milton  intellectual_history  economic_theory  monetary_policy  Tobin  inflation  interest_rates  oil_price  Fed  unemployment  post-WWII  Keynesianism 
september 2016 by dunnettreader
Revisiting the relationship between oil prices and costs in the upstream industry - VoxEU Feb 2016
Price goes up, and with a lag, the exploration and extraction costs go up, though by less than the price increase
Pocket  energy  energy-markets  oil_price  climate  from pocket
february 2016 by dunnettreader
Hiroshi Yoshikawa, Hideaki Aoyama, Yoshi Fujiwara, Hiroshi Iyetomi - Deflation and money | VOX, CEPR’s Policy Portal - 05 September 2015
Deation and inflation are macroeconomic phenomena. However, we cannot fully understand them by only exploring macro data because the behavior of aggregate prices such as the Consumer Price Index depends crucially on the interactions of micro prices. On the other hand, all in all, the results we obtained have confirmed that aggregate prices significantly change, either upward or downward, as the level of real output changes. The correlation between aggregate prices and money, on the other hand, is not significant. The major factors affecting aggregate prices other than the level of real economic activity are the exchange rate and the prices of raw materials represented by the price of oil. Japan suffered from deflation for more than a decade beginning at the end of the last century. More recently, Europe faces a threat of deflation. Our analysis suggests that it is difficult to combat deflation only by expanding the money supply.
paper  prices  deflation  economic_growth  recessions  monetary_policy-effectiveness  QE  central_banks  Japan  FX-rate_management  oil_price  macroeconomics  unemployment 
september 2015 by dunnettreader
James Hamilton - Demand factors in the collapse of oil prices | Econbrowser Jan 2015
update of his analysis from a month ago - still sees c. 40% of price declines across commodities from slowing hlobal economy with exception of US
global_economy  US_economy  Eurozone  China  oil_price  economic_growth  energy  consumer_demand  commodities 
january 2015 by dunnettreader

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