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The Energy Crisis and Macroeconomic Policy

William D. Nordhaus

Year: 1980
Volume: Volume 1
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No1-2
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Abstract:
It is hard to find an issue more confusing than energy policy. Is there a shortage of oil? Why? How long will the shortages last? Who's to blame? What will be the supply and demand response to price decontrol? What are the appropriate policy responses today? Can the president or the secretary of energy or the Congress be trusted to find the answers? And so on.





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