The manufacturing base under energy price uncertainty

This paper provides empirical and methodological analysis under a very important source of uncertainty: energy price uncertainty. In so doing, we show the impact of the energy price instability on the U.S. manufacturing output and the manufacturing sector's demand for energy. In addition, our method enables us to easily derive empirical comparative statistics results that can be compared to the theoretical results. (C) 2007 Elsevier B.V. All rights reserved.