Nonlinearities in the response of real GDP to oil price shocks
This paper re-examines whether real GDP growth responds asymmetrically to real oil price increases and decreases using a sample that includes the recent oil price declines. I follow Kilian and Vigfusson (2011a) and conduct a test of symmetry. I find no evidence against the null of symmetry using the...
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| Format: | article |
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2017
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| Online Access: | http://hdl.handle.net/10725/7203 https://doi.org/10.1016/j.econlet.2017.09.034 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S016517651730410X |
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