Browsing Working Papers by Author "Blanchard, Olivier"
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The macroeconomic effects of oil price shocks : why are the 2000s so different from the 1920s?
Blanchard, Olivier; Galí, Jordi (MIT Center for Energy and Environmental Policy Research, 2007)We characterize the macroeconomic performance of a set of industrialized economies in the aftermath of the oil price shocks of the 1970s and of the last decade, focusing on the differences across episodes. We examine four ...