NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Lags, Costs, and Shocks: An Equilibrium Model of the Oil Industry

Gideon Bornstein, Per Krusell, Sergio Rebelo

NBER Working Paper No. 23423
Issued in May 2017, Revised in April 2019

---- Acknowledgments ----

We thank Hilde Bjornland, Mario Crucini,Wei Cui, Jésus Fernández-Villaverde, Matteo Iacoviello, Ravi Jaganathan, Ryan Kellogg, Lutz Kilian, Markus Kirchner, Valerie Ramey, and Rob Vigfusson for their comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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