Construct · 1 fields · 1 citations

oil price shocks: a standalone construct

One name. One construct. A landmark on the map.

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oil priceshocks1 CONSTRUCTOil price shocksHAMILTON · ECONOMIC HISTORY

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Economic history

sudden oil price rises, shown to precede most US recessions after World War II.

In economic history, oil price shocks refers to sudden oil price rises, shown to precede most US recessions after World War II. This meaning comes from Hamilton (1983) in Journal of Political Economy.[1]

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References

  1. Hamilton, J. D. (1983). Oil and the Macroeconomy since World War II. Journal of Political Economy, 91(2), 228-248. https://doi.org/10.1086/261140

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