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Container trade and the U.S. recovery
Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2021
detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …
Persistent link: https://www.econbiz.de/10012550202
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The role of oil price shocks in causing U.S. recessions
Kilian, Lutz; Vigfusson, Robert J. - 2016
Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known about the extent to which oil price shocks explain recessions. We provide a formal analysis of this question with special attention to the possible role...
Persistent link: https://www.econbiz.de/10011421672