Nonlinearities and the Macroeconomic Effects of Oil Prices /

This paper reviews some of the literature on the macroeconomic effects of oil price shocks with a particular focus on possible nonlinearities in the relation and recent new results obtained by Kilian and Vigfusson (2009).

1. Verfasser:

Hamilton, James D.

Körperschaft:

National Bureau of Economic Research

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

Cambridge, Mass. National Bureau of Economic Research 2010.

Zusammenfassung:

This paper reviews some of the literature on the macroeconomic effects of oil price shocks with a particular focus on possible nonlinearities in the relation and recent new results obtained by Kilian and Vigfusson (2009).

Umfang:

1 online resource: illustrations (black and white);

Anmerkungen:

July 2010.

Schlagworte:

Business Fluctuations • Cycles

Energy and the Macroeconomy