NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices

Olivier J. Blanchard, Marianna Riggi

NBER Working Paper No. 15467
Issued in October 2009

---- Acknowledgements -----

We thank Efrem Castelnuovo, Giuseppe Ciccarone, Carlo Favero, Jordi Gali, Stefano Giglio, Tommaso Monacelli, Luca Sala and Massimiliano Tancioni for helpful comments and suggestions. 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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