Archanskaïa, Elisaveta; Creel, Jerome; Hubert, Paul - Centre de recherche en Économie (OFCE), Sciences … - 2009
This article studies the impact of oil shocks on the macroeconomy in two ways insofar unexploited in the literature … shocks. Based on an original world GDP series and a grouping of oil shocks according to their nature, we find that oil supply …. The analysis is conducted at the global level, and it explicitly accounts for the potentially changing nature of oil …