Kilian, Lutz - C.E.P.R. Discussion Papers - 2007
Large fluctuations in energy prices have been a distinguishing characteristic of the U.S. economy since the 1970s …. Turmoil in the Middle East, rising energy prices in the U.S. and evidence of global warming recently have reignited interest … in the link between energy prices and economic performance. This paper addresses a number of the key issues in this …