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Do We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative

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NBER2001-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w8389
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This paper argues that major oil price increases were not nearly as essential a part of the causal mechanism that generated the stagflation of the 1970s as is often thought. There is neither a theoretical presumption that oil supply shocks are stagflationary nor robust empirical evidence for this
提供机构:
美国国家经济研究局
创建时间:
2001-07-01
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