Paul N. Leiby, Donald W. Jones
Recent world events have heightened concern about energy security and the possible risks of oil market disruptions. This paper examines the shared benefits of emergency oil stockpiling to the U.S.,...
Oil Price Shocks and the Macroeconomy: What Has Been Learned Since 1996
Donald W. Jones, Paul N. Leiby, Inja K. Paik
This paper reports on developments in theoretical and empirical understanding of the macroeconomic consequences of oil price shocks since 1996, when the U.S. Department of Energy sponsored a workshop...