The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s?

Olivier J. Blanchard, Jordi Galí

Chapter in NBER book International Dimensions of Monetary Policy (2009), Jordi Gali and Mark J. Gertler, editors (p. 373 - 421)
Conference held June 11-13, 2007
Published in February 2010 by University of Chicago Press
© 2009 by the National Bureau of Economic Research

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This paper was revised on November 16, 2011

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