Background
Huntington, Hillard Griswold was born on April 10, 1944 in Boston, Massachusetts, United States. Son of Hillard Bell and Ruth Smedley (Wheeler) Huntington.
(Large-scale macroeconomic models have been used extensive...)
Large-scale macroeconomic models have been used extensively to analyze a wide range of important economic issues. They were originally developed to study the economy's response to monetary and fiscal policies. During the 1970s these models were expanded and revised to track the inflationary processes and to incorporate key energy variables so that they could be used to examine the impacts of energy price shocks. This study compares the responses of 14 prominent macroeconomic models to supply-side shocks in the form of sudden energy price increases or decreases and to policies for lessening the impacts of price jumps. Four energy price shocks were examined: oil price increases of 50 and 20 percent, an oil price reduction of 20 percent, and an 80 percent increase in domestic natural gas prices. Five policy responses were considered for offsetting the GNP impacts of the larger oil price increase: monetary accommodation, an income tax rate reduction, an increase in the investment tax credit for equipment, a reduction in the employer's payroll tax rate, and an oil stockpile release.
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Huntington, Hillard Griswold was born on April 10, 1944 in Boston, Massachusetts, United States. Son of Hillard Bell and Ruth Smedley (Wheeler) Huntington.
Bachelor of Science, Cornell University, 1967. Master of Arts, State University of New York, Binghamton, 1972. Doctor of Philosophy, State University of New York, Binghamton, 1974.
Staff economist Federal Energy Administration, Washington, 1974-1977. Director, senior economist Data Resources, Inc., 1977-1980. Executive director Energy Modeling Forum Stanford (California) University, since 1980.
Volunteer United States Peace Corps., Public Utilities Authority, Monrovia, Liberia, 1967-1969. Visiting research associate Institute Development Studies, University Nairobi, Kenya, 1972-1973. Member joint United States-The Union of Soviet Socialist Republics National Academy of Sciences Panel on Energy Conservation, 1986-1990.
Peer review panel National Acid Precipitation Assessment Program Task Force, Centers for Excellence Government Canada, National Petroleum Council, Commission for Environmental Cooperative North America. Consultant Argonne National Laboratory, Electric Power Research Institute, others.
(Large-scale macroeconomic models have been used extensive...)
Sr.fellow United States Association for Energy Economics (senior, president 1997), International Association Energy Economics (vice president publications 1990-1992, program chairman North America conference, program chairman international conference), American Statistical Association (committee on energy statistics 1992-1994), American Economic Association.
Married Honor Mary Griffin, September 30, 1972. Children: Honora Redmond, Emma Anne Hillard.