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Published in 2017 at "Macroeconomic Dynamics"
DOI: 10.1017/s136510051600047x
Abstract: Previous research shows that volatility in oil prices has tended to depress output, as measured by nonresidential investment, gross domestic product, and aggregated measures of industrial production in several countries. This paper investigates the effect…
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Keywords:
industrial production;
special aggregates;
oil price;
price volatility ... See more keywords