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Hillard Huntington found that the economy responds symmetrically to changes in petroleum product prices, but that petroleum product prices respond asymmetrically to crude oil prices. The consequence is an asymmetric relationship between crude oil prices and aggregate economic activity.
These findings need further examination, but substantial research shows that the asymmetric response of aggregate economic activity to oil price shocks arises through channels that cannot be explained.
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Industry Focused Products!
Roller Chain Drives
Roller chains have the benefit of being a fairly straightforward and simple method of transmission of mechanical energy. Roller chains are constructed like a typical chain link structure; that is, a series of cylindrical.
Inductive / Capacitive Sensors
Industrial sensors − such as the capacitive proximity sensor − are used for measuring an object’s position, displacement, or proximity are commonly employed in a range of manufacturing plant control applications.
Motors & Gear Motors
Roller chains have the benefit of being a fairly straightforward and simple method of transmission of mechanical energy. Roller chains are constructed like a typical chain link structure; that is, a series of cylindrical.