Posts Tagged ‘Aggregate Demand’

The Irreversible Demand Effects of High Oil Prices. Motor Fuels in France, Germany & the UK

Published: 1^st January 1991| By: J. M Dargay

The majority of aggregate demand studies, whether concerned with energy or other goods, are based on the notion of a stable long-run demand function, which implies the existence of a unique equilibrium demand for any given relative price and income level. Given this static relationship, the effects of any price (or income) change will, by [...]

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Categories / Country and Regional Studies, Energy Economics, Finance, Oil

Tags / , Aggregate Demand, Dynamic Specification, Europe, France, Germany, Long-Run Demand, Motor Fuel, Oil Demand, Oil Prices, Permanent Changes, Price Shocks, UK