NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Understanding Crude Oil Prices

James D. Hamilton

NBER Working Paper No. 14492
Issued in November 2008

---- Acknowledgements -----

I thank Severin Borenstein, Menzie Chinn, Lutz Kilian, David Reifen, and four anonymous referees for helpful comments on an earlier draft. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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