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Essays On The Impact Of Oil Price Shocks On The Macroeconomy, Latika Gupta Lagalo
Essays On The Impact Of Oil Price Shocks On The Macroeconomy, Latika Gupta Lagalo
Wayne State University Dissertations
ABSTRACT
ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE
Advisor: Dr. Ana María Herrera
Major: Economics
Degree: Doctor of Philosophy
MACROECOOMY
by
LATIKA GUPTA LAGALO
December 2011
This dissertation analyzes the relationship between oil price and industrial production.
use recently developed methods and techniques to investigate the functional form and
structural stability of the relationship between oil prices and industrial production. In my
first chapter, I use both slope-based tests and impulse response based tests to provide
evidence of nonlinearity in the response of U.S. industrial production to oil price shocks
My second essay further empirically assesses the …