Balke, Nathan S.; Brown, Stephen P. A.; Yücel, Mine K. - Federal Reserve Bank of Dallas - 2008
The effect of oil price shocks on U.S. economic activity seems to have changed since the mid-1990s. A variety of explanations have been offered for the seeming change—including better luck, the reduced energy intensity of the U.S. economy, a more flexible economy, more experience with oil...
