"Resource Prices, Supply Shocks and Output Fluctuations" by Roy Boyd

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Resource Prices, Supply Shocks and Output Fluctuations

Applied Economics Letters

Roy Boyd, Ohio University - Main Campus
Tony Caporale, University of Dayton

Link

Document Type

Article

Publication Date

1-1-1995

Abstract

Following King and Plosser's (1984) suggestion, we use the growth of four real natural resource prices to proxy post-war supply shocks and assess their importance in a VAR which controls for aggregate demand influences on real output. We find that these supply shock proxies are able to account for a sizable portion of US post-war output fluctuations.

Inclusive pages

180-183

ISBN/ISSN

1350-5851

Publisher

Taylor & Francis

Disciplines

Business Administration, Management, and Operations,
Economic History,
Economics,
Economic Theory,
Finance,
Finance and Financial Management and
International Economics

Citation Information

Roy Boyd and Tony Caporale. "Resource Prices, Supply Shocks and Output Fluctuations" Applied Economics Letters Vol. 2 Iss. 6 (1995)
Available at: http://works.bepress.com/tony_caporale/28/