Reassessing the role of buffer stock money under oil price shocks
This paper uses the structural vector autoregressive approach to assess the significance of buffer stock money under alternative real shocks in the U.S. economy over the 1960–96 period. Buffer stock effects are shown to play a minor role when oil price shocks are explicitly considered. Copyright International Atlantic Economic Society 2001
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Volume (Year): 29 (2001)
Issue (Month): 1 (March)
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