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NONLINEARITIES AND THE MACROECONOMIC EFFECTS OF OIL PRICES

James Hamilton ()

Macroeconomic Dynamics, 2011, vol. 15, issue S3, 364-378

Abstract: 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 [ http://www-personal.umich/~lkilian/kvsubmission.pdf (2009)].

Date: 2011
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Working Paper: Nonlinearities and the Macroeconomic Effects of Oil Prices (2010) Downloads
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