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Title: Macroeconomic effects of relative prices, money, and federal spending on the relationship between US energy consumption and employment

Abstract

This paper analyzes the strength of the relationships between US energy consumption and employment components while controlling for relative prices, federal spending, and money supply. The paper finds that the associations between employment components and energy consumption are bi-directional, and the bulk of the variance of employment components or energy consumption is explained by its own innovations. The accountability of the variance by its own innovations, however, decreases rapidly to less than 50 percent at the longer horizons. A more surprising finding is that a mixture of monetary and fiscal policies has more potent effects on employment and energy consumption than that of energy consumption (employment components) on employment components (energy consumption).

Authors:
;
Publication Date:
OSTI Identifier:
577109
Resource Type:
Journal Article
Resource Relation:
Journal Name: Journal of Energy and Development; Journal Volume: 22; Journal Issue: 1; Other Information: PBD: Aut 1996
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING AND POLICY; USA; ENERGY CONSUMPTION; EMPLOYMENT; ECONOMIC ANALYSIS; ECONOMIC POLICY; ECONOMIC IMPACT

Citation Formats

Glasure, Y.U., and Lee, A.R. Macroeconomic effects of relative prices, money, and federal spending on the relationship between US energy consumption and employment. United States: N. p., 1996. Web.
Glasure, Y.U., & Lee, A.R. Macroeconomic effects of relative prices, money, and federal spending on the relationship between US energy consumption and employment. United States.
Glasure, Y.U., and Lee, A.R. Tue . "Macroeconomic effects of relative prices, money, and federal spending on the relationship between US energy consumption and employment". United States.
@article{osti_577109,
title = {Macroeconomic effects of relative prices, money, and federal spending on the relationship between US energy consumption and employment},
author = {Glasure, Y.U. and Lee, A.R.},
abstractNote = {This paper analyzes the strength of the relationships between US energy consumption and employment components while controlling for relative prices, federal spending, and money supply. The paper finds that the associations between employment components and energy consumption are bi-directional, and the bulk of the variance of employment components or energy consumption is explained by its own innovations. The accountability of the variance by its own innovations, however, decreases rapidly to less than 50 percent at the longer horizons. A more surprising finding is that a mixture of monetary and fiscal policies has more potent effects on employment and energy consumption than that of energy consumption (employment components) on employment components (energy consumption).},
doi = {},
journal = {Journal of Energy and Development},
number = 1,
volume = 22,
place = {United States},
year = {Tue Dec 31 00:00:00 EST 1996},
month = {Tue Dec 31 00:00:00 EST 1996}
}