Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy: A Reply
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- 1 January 2004
- journal article
- research article
- Published by Project MUSE in Journal of Money, Credit and Banking
- Vol. 36 (2) , 287-291
- https://doi.org/10.1353/mcb.2004.0010
Abstract
Hamilton and Herrera (HH) have provided an interesting comment on our 1997 paper (Bernanke, Gertler, and Watson 1997 [BGW]). We take the opportunity offered to us by the editors to respond briefly.Keywords
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