| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 6693495 | Applied Energy | 2013 | 12 Pages |
Abstract
⺠We find that output growth volatility in the US has been decreasing over time. ⺠The contribution of oil price shocks to such volatility has also been decreasing. ⺠In Brazil, oil shocks do not seem to have a clear impact on growth. ⺠They account for a small fraction of the Brazilian inflation and output volatility. ⺠Counterfactuals show US output would be 10% less volatile with Brazil's oil import share.
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Authors
Tiago Cavalcanti, João Tovar Jalles,