Open Access Dissertation
Date of Award
ANA MARIA HERRERA
ESSAYS O THE IMPACT OF OIL PRICE SHOCKS O THE
Advisor: Dr. Ana María Herrera
Degree: Doctor of Philosophy
LATIKA GUPTA LAGALO
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 presence (or absence) of asymmetry in
the response of industrial production to real oil price shocks using a sample of 18
industrialized economies using various nonlinear transformations of the price of oil. In
my third essay I examine the impact of demand and supply shocks in the crude oil marke
on industrial production in the U.S. as opposed to treating oil price shocks as exogenous.
Lagalo, Latika Gupta, "Essays On The Impact Of Oil Price Shocks On The Macroeconomy" (2011). Wayne State University Dissertations. 605.