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1 paper

econ.GN2024

Not All Oil Price Shocks Are Alike. A Replication of Kilian (American Economic Review, 2009)

Rich Ryan, Nyakundi Michieka

The price of oil can rise because of a disruption to supply or an increase in demand. The nature of the price change determines the dynamic effects. As Kilian (2009) put it: "not a…