Petroleum emergency preparedness study. Report on the macroeconomic consequences of a medium-sized oil-supply disruption with a market-based policy response and tax rebates

Technical Report · Mon Feb 09 04:00:00 EST 1981

OSTI ID:5375111

McClain, D S

This report discusses the 3-year impact on the US economy of a temporary, medium-sized disruption in world oil supplies beginning on January 1, 1982. Results of the analysis suggest that significant adverse effects can be expected in the short term on real GNP, unemployment, and inflation. A discussion on policy implications and tax rebates is presented. The Data Resource model of the US economy was used to predict economic impacts. (DMC)

• Research Organization: Boston Univ., MA (USA)
• DOE Contract Number: AI01-81PE70333
• OSTI ID: 5375111
• Report Number(s): DOE/PE/70333-T1; ON: DE82013480
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
ECONOMY
ENERGY CONSUMPTION
ENERGY SHORTAGES
ENERGY SOURCES
FOSSIL FUELS
FUEL CONSUMPTION
FUELS
NORTH AMERICA
PETROLEUM
PRICES
SHORTAGES
SUPPLY DISRUPTION
TAXES
USA