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STAGFLATION : ANSAETZE IN THEO...
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Oil and the Macroeconomy Since the 1970s
Barsky, Robert
;
Kilian, Lutz
-
C.E.P.R. Discussion Papers
-
2004
none of the more recent oil price shocks has been associated with
stagflation
in the US economy, a major reason for the …
stagflation
of the 1970s. We show that this is not the case. …
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