There has been much interest since the 1970s in the question of whether lagged oil price changes help forecast US real GDP growth (Hamilton 2009). This question has taken on new urgency following the large fluctuations in the price of oil in recent years.
Do oil prices help forecast US real GDP? The role of non-linearities and asymmetries
Lutz Kilian, 29 June 2012
Topics: Energy, Macroeconomic policy
Tags: energy prices, oil, oil prices, real GDP, US
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