id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
dem-5674	Geise, Andrzej; Piłatowska, Mariola	Oil Prices, Production and Inflation in the Selected EU Countries: Threshold Cointegration Approach	2015	22	.pdf	application/pdf	7832	424	64	In direct response to this empirical work, Hamilton (1996) showed new meas- ure (net oil price increases-NOPI- difference between oil price level and the maximum price of the previous four quarters) which was able to detect a significant relationship between oil prices and real GDP. Given the presence of asymmetric cointegration between oil prices, production and inflation, we estimate threshold error correction models to examine long- and short-run Granger causal- ity.	cache/dem-5674.pdf	txt/dem-5674.txt