Are the responses of the U.S. economy asymmetric in energy price increases and decreases?

Quantitative Economics - Tập 2 Số 3 - Trang 419-453 - 2011
Lutz Kilian1,2, Robert J. Vigfusson3,4,2
1University of Michigan and CEPR
2[email protected]
3Federal Reserve Board
4The views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System. We thank Ana María Herrera, James Hamilton, the editor, the referees, and numerous seminar participants for helpful comments.

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