Oil Shocks and the Macroeconomy: The Role of Price Variability*

Generalized autoregressive conditional heteroskedasticity

1986 • 21,376 citations

Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation

1982 • 19,770 citations

American economic review

1992 • 16,670 citations

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

1987 • 15,268 citations

ARCH modeling in finance

1992 • 4,478 citations

Oil and the Macroeconomy since World War II

1983 • 3,597 citations

A Capital Asset Pricing Model with Time-Varying Covariances

1988 • 3,189 citations

The Federal funds rate and the channels of monetary transmission

1992 • 2,837 citations

Modelling the persistence of conditional variances

1986 • 2,029 citations

Oil and the Macroeconomy When Prices Go Up and Down: An Extension of Hamilton's Results

1989 • 1,540 citations

Stationarity and Persistence in the GARCH(1,1) Model

1990 • 1,139 citations

Persistence in Variance, Structural Change, and the GARCH Model

1990 • 1,094 citations

Investment and Hysteresis

1992 • 1,020 citations

American Economic Review

2009 • 970 citations

What happened to the oil price-macroeconomy relationship?

1996 • 936 citations

Testing for the Effects of Oil-Price Rises using Vector Autoregressions

1984 • 718 citations

Stationarity of Garch processes and of some nonnegative time series

1992 • 588 citations

A Neoclassical Model of Unemployment and the Business Cycle

1988 • 565 citations

Modeling The persistence Of Conditional Variances: A Comment

1986 • 463 citations

The role of energy in real business cycle models

1992 • 453 citations

Price of oil and world inflation and recession

1982 • 429 citations

A Traditional Interpretation of Macroeconomic Fluctuations

1989 • 393 citations

Oil Price Shocks and the Dispersion Hypothesis

1986 • 308 citations

Oil Prices and Economic Activity: Is the Relationship Symmetric?

1993 • 209 citations

Fluctuations in the pace of labor reallocation

1987 • 139 citations

Allocative Disturbances and Specific Capital in Real Business Cycle Theories

2016 • 123 citations

Energy Prices, Inflation, and Recession, 1974-1975

1980 • 80 citations

Cyclical fluctuations and sectoral reallocation

1989 • 78 citations

Are the macroeconomic effects of oil-price changes symmetric?

1988 • 59 citations