Gómez-Loscos, Ana; Gadea, María Dolores; Montañés, … - In: Applied Economics 44 (2012) 35, pp. 4575-4589
This article analyses the relationship between oil price shocks and the macroeconomic evolution of the Group of Seven (G7) countries. Using the Qu and Perron (2007) methodology, we endogenously identify three breaks in the nonlinear relationship across our 1970 to 2008 sample. We compute...