The Shale Oil Boom and the U.S. Economy: Spillovers and Time-Varying Effects

In the new CAMP working paper 08/2018 Bjørnland and Zhulanova analyze if the transmission of oil price shocks on the U.S. economy has changed as a result of the shale oil boom. In contrast to previous results, the authors find considerable changes in the way oil price shocks are transmitted: there are now positive spillovers to …

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