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Article
Resource Prices, Supply Shocks and Output Fluctuations
Applied Economics Letters
  • Roy Boyd, Ohio University - Main Campus
  • Tony Caporale, University of Dayton
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
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/