Alcuni effetti interni ed esterni dell'aumento del prezzo del petrolio.

Authors

  • L. IZZO
  • L. SPAVENTA

DOI:

https://doi.org/10.13133/2037-3651/12608

Keywords:

Oil, price increases, deflationary effect, policy, international payments problem

Abstract

The work looks at the rise in the price of crude oil, elucidating some economic implications of the issues which a large number of economies will have to face in the near future. The authors first consider the primary impact of the rise in the price of crude on the economy of an importing country considered in isolation. A simple model shows a very sizeable deflationary effect which, to a large extent, can only be offset as a result of deliberate policy decisions. It is also shown how each importing country’s decisions in this matter affect the situation of all others. Some aspects of the international payments problem are then dealt with.

 

JEL: E31, Q41, Q43

Downloads

Issue

Vol. 27 No. 105 (1974)

Section

Articoli

License

All material in this website and every article published by the review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license. Authors retain all rights on their works and grant the right to first publication to the review under the aforementioned license.