期刊论文、会议论文

Li, Li

英文

Proceedings of the 2009 International Joint Conference on Computational Sciences and Optimization, CSO 2009

2009

2

471-474

The Second International Joint Conference on Computational Science and Optimization(CSO 2009)(2009 国际计算科学与优化会议)

The Second International Joint Conference on Computational Science and Optimization(CSO 2009)(2009 国际计算科学与优化会议)论文集

2009-04-24

三亚

中科院系统院

IEEE

978-0-7695-3605-7

10.1109/CSO.2009.360

本校为其他机构

This paper analyzes the effects of energy price shock from a general equilibrium standpoint. We develop a dynamic stochastic general equilibrium (DSGE) model for the China economy. The model explicitly includes energy in the technology used by domestic firms. By using the quarterly data of 1996-2005 in China, we argue the model is an ideal framework for Chinese energy problem analysis. With the model we simulate how economy would respond to an energy price shock. We show that an increase in the real price of energy leads to a fall in output and the price change effect ...