Evidence item

The paper directly links the U.S. importer-to-exporter transition with weakened and eventually expansionary oil-shock effects. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 13593

Source: From Importer to Exporter: Oil Shocks and the U.S. Economy · locator {} · excerpt hash sha256:ee37e384dd791d99b7e265a1ebd82b573c7b83f74db81a0944416fae009f59c1

We study how the shale revolution and the U.S. transition from petroleum importer to net exporter have changed the macroeconomic effects of oil shocks. ... the contractionary effects weakened over time and eventually became expansionary.