Lags, Costs, and Shocks: An Equilibrium Model of the Oil Industry
NBER Working Paper No. 23423
---- 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.