NONLINEARITIES AND THE MACROECONOMIC EFFECTS OF OIL PRICES

2011463 citationsJournal Article

Authors

James D. Hamilton · University of California, San Diego

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)].

Topics & Keywords

Market Dynamics and Volatility Energy, Environment, Economic Growth Oil, Gas, and Environmental Issues

UN Sustainable Development Goals

Decent work and economic growth

Publication Details

Published in: Macroeconomic Dynamics

Volume 15, Issue S3, pp. 364-378

DOI: 10.1017/s1365100511000307

Field-Weighted Citation Impact: 90.42