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Nonlinearities and the Macroeconomic Effects of Oil Prices

James D. Hamilton

NBER Working Paper No. 16186
Issued in July 2010
NBER Program(s):Environment and Energy Economics, Economic Fluctuations and Growth

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).

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Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w16186

Published: Hamilton, James D., 2011. "Nonlinearities And The Macroeconomic Effects Of Oil Prices," Macroeconomic Dynamics, Cambridge University Press, vol. 15(S3), pages 364-378, November. citation courtesy of

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