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NONLINEARITIES AND THE MACROECONOMIC EFFECTS OF OIL PRICES

  • James D. Hamilton (a1)
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)].

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Corresponding author
Address correspondence to: James D. Hamilton, Department of Economics, 0508, University of California, San Diego, 9500 Gilman Drive, La Jolla, CA 92093-0508, USA; e-mail: jhamilton@ucsd.edu.
References
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Macroeconomic Dynamics
  • ISSN: 1365-1005
  • EISSN: 1469-8056
  • URL: /core/journals/macroeconomic-dynamics
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