Daily Archives: 04/28/2013


Abstract: The economic implications of oil price shocks have been extensively studied since the 1970s. Despite this huge literature, no dynamic stochastic general equilibrium model was available that captures two well-known stylized facts: (1) the stagflationary impact of an oil price shock, together with (2) the influence of the energy […]

EP – The Effects of Oil Price Shocks in a ...