This is what happened to the oil price macroeconomy relationship

被引：884

作者：

Hamilton, JD

机构：

[1] Department of Economics, University of California, San Diego

来源：

JOURNAL OF MONETARY ECONOMICS | 1996年 / 38卷 / 02期

基金：

美国国家科学基金会;

关键词：

macroeconomic fluctuations; oil price shocks;

D O I：

10.1016/S0304-3932(96)01282-2

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Many of the quarterly oil price increases observed since 1985 are corrections to even bigger oil price decreases the previous quarter. When one looks at the net increase in oil prices over the year, recent data are consistent with the historical correlation between oil shocks and recessions.

引用

页码：215 / 220

页数：6

共 6 条

[1] Hamilton J., 1985, ENERG J, V6, P97, DOI 10.5547/ISSN0195-6574-EJ-Vol6-No1-9
[2] Hamilton J.D., 1988, Carnegie-Rochester Conference Series on Public Policy, V28, P369, DOI DOI 10.1016/0167-2231(88)90031-0
[3] OIL AND THE MACROECONOMY SINCE WORLD-WAR-II
HAMILTON, JD
[J]. JOURNAL OF POLITICAL ECONOMY, 1983, 91 (02) : 228 - 248
[4] A NEOCLASSICAL MODEL OF UNEMPLOYMENT AND THE BUSINESS-CYCLE
HAMILTON, JD
[J]. JOURNAL OF POLITICAL ECONOMY, 1988, 96 (03) : 593 - 617
[5] HOOKER MA, 1996, J MONETARY EC
[6] MORK KA, 1989, J POLITICAL EC, V91, P740

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