Tag Archives: James Hamilton

Can an Economy Learn to Live with Increasingly High Oil Prices?

Prof. James Hamilton of University of California recently wrote a post called Thresholds in the economic effects of oil prices. In it, he concludes As U.S. retail gasoline prices once again near $4.00 a gallon, does this pose a threat … Continue reading

Posted in Financial Implications, News Related Post | Tagged , , , , | 111 Comments

How close a link is there between oil price shocks and recession?

I want to bring to the attention of readers a recent paper by James Hamilton, called Historical Oil Shocks (also here as a National Bureau of Economic Research Working Paper). The paper seems to suggest an amazingly close connection between … Continue reading

Posted in Financial Implications | Tagged , , | 9 Comments