Gadea, Maria Dolores; Gomez-Loscos, Ana - In: International Economics Letters 3 (2014) 2, pp. 36-44
This paper distinguishes different periods in the relationship between oil price shocks, economic growth, and inflation for the US economy. Focusing on the latest period, covering mainly the noughties, a change is found in the exogeneity pattern associated with recent oil price episodes. A...