Inhalt

•  
   Introduction
•  
  Oil Price Shocks and GDP Growth
•  
   Introduction
•  
   Effects of Oil Price Changes on Economic Growth
•  
   Symmetric and linear effects of oil prices
•  
   Asymmetric and nonlinear effects of oil prices
•  
   Historical Development of Oil Shares
•  
   Methodology and Data
•  
   Symmetric linear model
•  
   Asymmetric nonlinear model
•  
   Oil share as moderator
•  
   Empirical Results and Discussion
•  
   Classification of oil-importing vs. oil-exporting country
•  
   Model selection
•  
   Granger causality and response to price shock
•  
   Granger causality with moderator effects
•  
   Conclusion
•  
   Definition of Variables
•  
   Additional Figures and Tables
•  
  Durable Goods and Energy in RBC
•  
   Introduction
•  
   Energy and Resources in Macroeconomic Models
•  
  Model
•  
   Households
•  
   Final good production
•  
   Energy sector
•  
   Fossil resource sector
•  
   Renewable resource sector
•  
   Market clearing
•  
   Competitive Equilibrium
•  
  Calibration and Estimation of Parameters
•  
   Data and estimation methodology
•  
   Calibration
•  
   Estimation methodology
•  
   Prior parameters
•  
   Posterior parameters
•  
   Numerical Results
•  
  Dynamic Results
•  
   Shock to TFP in the final good sector
•  
   Shock to TFP in the energy sector
•  
   Shock to TFP in the fossil energy sector
•  
   Shock to TFP in the renewable energy sector
•  
   Shock to finite reserve stocks
•  
  Shock Decomposition
•  
   Variance decomposition
•  
   Historical decomposition
•  
   Robustness
•  
   Conclusion
•  
   Model Overview
•  
   Bayesian Estimation
•  
   Priors and Posteriors Distributions
•  
   Derivation of Business Cycles
•  
   Estimation Results of Model with Replenishment
•  
  Variance Decomposition
•  
   Baseline model
•  
   Model with replenishment
•  
   Additional IRFs of Shocks in Consumer Taste
•  
  Mathematical Appendix
•  
   Overall concavity
•  
   Optimization
•  
   Steady states
•  
   Log-linearized equations
•  
   Calibration
•  
   Calibration of steady states in primary energy mining
•  
  Heterogeneity in an RBC Model with Durable Goods and Energy
•  
   Introduction
•  
   Theoretical Literature on Inequality
•  
   Model
•  
   Ricardian households
•  
   Rule-of-thumb households
•  
   Production sector
•  
   Market clearing
•  
  Competitive Equilibrium
•  
   Households
•  
   Production sector
•  
   Solution methods for capital stock
•  
   Calibration & Determination of Law of Motion of Aggregated Capital
•  
   Calibration of shocks
•  
   Law of motion of aggregated capital
•  
   Results
•  
   Simulated moments
•  
   Impulse response functions
•  
   Inequality
•  
   Sensitivity Analysis
•  
   Policy Implication Through Taxation
•  
   Conclusion
•  
   Additional Figures and Tables
•  
   Accuracy Checks
•  
  Mathematical Appendix
•  
   Optimization
•  
   Steady states
•  
   Log-linearized equations
•  
   Calibration