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- Aminu, Nasir
- Energy 2019 v.172 pp. 487-497
- energy; energy costs; models; monetary policy; United Kingdom
- ... This paper analyses the consequences and effects of volatile energy prices in the UK. The evidence provided are from an estimated DSGE model of energy. The model is applied on filtered data from 1981:Q1 to 2013:Q1 and evaluated by the indirect inference testing. In analysing the structural shocks, the study found higher volatility in energy prices shock during the Great Recession compared to the s ...