What is an oil shock?

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

1982 • 19,770 citations

Tests for Parameter Instability and Structural Change With Unknown Change Point

1993 • 4,272 citations

Oil and the Macroeconomy since World War II

1983 • 3,597 citations

Irreversibility, Uncertainty, and Cyclical Investment

1983 • 3,492 citations

Optimal Tests when a Nuisance Parameter is Present Only Under the Alternative

1994 • 2,512 citations

Output Fluctuations in the United States: What Has Changed Since the Early 1980's?

2000 • 2,026 citations

This is what happened to the oil price-macroeconomy relationship

1996 • 1,673 citations

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

1989 • 1,540 citations

What happened to the oil price-macroeconomy relationship?

1996 • 936 citations

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

1995 • 925 citations

Oil price volatility and the macroeconomy

1996 • 754 citations

Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy: A Comment

2004 • 731 citations

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

1984 • 718 citations

Sectoral job creation and destruction responses to oil price changes

2001 • 654 citations

Crude Oil and the Macroeconomy: Tests of Some Popular Notions: Note

1986 • 586 citations

Macroeconomic Responses to Oil Price Increases and Decreases in Seven OECD Countries

1994 • 576 citations

Approximate AsymptoticPValues for StructuraS-Change Tests

1997 • 567 citations

A Neoclassical Model of Unemployment and the Business Cycle

1988 • 565 citations

On the dynamic effects of oil price shocks: a study using industry level data

2002 • 553 citations

Oil prices and the terms of trade

2000 • 534 citations

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

2001 • 530 citations

Imperfect Competition and the Effects of Energy Price Increases on Economic Activity

1996 • 483 citations

Testing for structural change in conditional models

2000 • 471 citations

The role of energy in real business cycle models

1992 • 453 citations

Do oil price shocks matter? Evidence for some European countries

2003 • 442 citations

Perfect Competition and the Effects of Energy Price Increases on Economic Activity

2000 • 368 citations

Approximate Asymptotic P Values for Structural-Change Tests

1997 • 357 citations

Oil Price Shocks and the Dispersion Hypothesis

1986 • 308 citations

Models of Energy Use: Putty-Putty Versus Putty-Clay

1999 • 305 citations

Historical Causes of Postwar Oil Shocks and Recessions

1985 • 260 citations

Business Cycles and the Oil Market

1994 • 243 citations

Unemployment Equilibria and Input Prices: Theory and Evidence from the United States

1998 • 241 citations

A Parametric Approach to Flexible Nonlinear Inference

2001 • 221 citations

Energy price shocks, aggregate supply and monetary policy: The theory and the international evidence

1981 • 209 citations

Energy Resources and Potential GNP

1977 • 197 citations

Oil and the Macroeconomy: A Markov State-Switching Approach

1997 • 178 citations

The Employment and Wage Effects of Oil Price Changes: A Sectoral Analysis

1996 • 176 citations

Post hoc ergo propter once more an evaluation of ‘does monetary policy matter?’ in the spirit of James Tobin

1994 • 167 citations

Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy

2001 • 157 citations

The Effects of External Inflationary Shocks

1974 • 144 citations

Fluctuations in the pace of labor reallocation

1987 • 139 citations

Allocative Disturbances and Specific Capital in Real Business Cycle Theories

2016 • 123 citations

SEGMENT SHIFTS AND CAPACITY UTILIZATION IN THE U.S. AUTOMOBILE INDUSTRY.

1993 • 104 citations

Rational Expectations and Economic Policy

1981 • 99 citations

Regional Labor Fluctuations: Oil Shocks, Military Spending, and Other Driving Forces

1997 • 81 citations

Energy Prices, Inflation, and Recession, 1974-1975

1980 • 80 citations

Oil shocks, monetary policy, and economic activity

1992 • 79 citations

Testing for neglected nonlinearity in regression models based on the theory of random fields

2003 • 71 citations

The Employment and Wage Effects of Oil Price Changes: A Sectoral Analysis

1995 • 65 citations

Are the macroeconomic effects of oil-price changes symmetric?

1988 • 59 citations

Energy Price Increases and Macroeconomic Policy

1980 • 57 citations

Money may matter, but how could you know?

1994 • 50 citations

Oil and the Macroeconomy Revisited

1999 • 42 citations

Empirical studies of velocity, real exchange rates, unemployment, and productivity

1987 • 40 citations

What to Do (Macroeconomically) When OPEC Comes

1980 • 34 citations

International interdependence of national growth rates: A structural trends anakysis

1997 • 33 citations

Irreversible Capital and the Stock Market Response to Shocks in Profitability

1997 • 26 citations

An investigation of tests for linearity and the accuracy of likelihood based inference using random fields

2002 • 22 citations

Supply shocks, incentives and national wealth

1981 • 20 citations

Deleted Work

1955 • 0 citations