Lee, Kiseok; Kang, Wensheng; Ratti, Ronald A. - In: Macroeconomic Dynamics 15 (2011) S3, pp. 416-436
This paper seeks to answer the following questions: Do oil price shocks affect firms' investment decisions? Do oil price shocks affect investment decisions differentially depending on firm-specific uncertainty? Over what time horizon do oil price shocks affect high-uncertainty firms? Is the...