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Lower Oil Prices and the U.S. Economy:: Is This Time Different?

ABSTRACT We explore the effect of the sharp and sustained decline after June 2014 in the global price of crude oil (and hence in the U.S. price of gasoline) on U.S. real GDP growth. Our analysis suggests that this decline produced a cumulative stimulus of about 0.9 percent of real GDP by raising... Full description

1st Person: BAUMEISTER, CHRISTIANE
Additional Persons: KILIAN, LUTZ verfasserin
Source: in Brookings papers on economic activity : BPEA (10.2016), p. 287-336
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Type of Publication: Article
Language: English
Published: 2016
Keywords: research-article
Online: Volltext
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