Three Epochs of Oil
---- Acknowledgements ----
We thank Jim Anderson, Deepa Dhume, Gita Gopinath, Lutz Kilian, Brent Neiman, and the participants of the macro seminar at Boston College for helpful comments on earlier versions, as well as Susanto Basu and Fabio Ghironi for helpful conversations. An earlier version of this paper (Dvir and Rogoff Feb. 2008) circulated under the title "Oil and Global Growth." The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.