The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so Different from the 1970s?

Staggered prices in a utility-maximizing framework

Guillermo A. Calvo · Journal of Monetary Economics · 1983 · 7.4K citations

Business, Business Economics, Economics +10

Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

Richard H. Clarida, Mark Gertler · The Quarterly Journal of Economics · 2000 · 4.7K citations

Social Sciences, Economics, Economic Policy +14

Oil and the Macroeconomy since World War II

James D. Hamilton · Journal of Political Economy · 1983 · 3.8K citations

Social Sciences, Economics, Resource Economics +17

Optimal monetary policy with staggered wage and price contracts

Christopher J. Erceg, Dale W. Henderson, Andrew Levin · Journal of Monetary Economics · 2000 · 2.3K citations · Full text

Social Sciences, Economics, Labor Economics +14

Output Fluctuations in the United States: What Has Changed since the Early 1980's?

Gabriel Pérez‐Quirós, Margaret M. McConnell · RePEc: Research Papers in Economics · 2K citations

Social Sciences, Economics, Economic History +12