Understanding the impact of oil shocks
This paper provides new empirical evidence on and theoretical support for the close link between oil prices and aggregate macroeconomic performence in the 1970s. Although this link has been well documented in the empirical literature and is further confirmed in this paper, standard economic models a...
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| Format: | workingPaper |
| Language: | eng |
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2005
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| Online Access: | http://hdl.handle.net/1822/1625 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/1625 |