Jim Hamilton is a professor of economics at the University of California-San Diego and the author of *Time Series Analysis,* a popular graduate-level econometrics textbook. Today, Jim joins the show to discuss his work in econometrics as well as his research on the role oil plays in the U.S. economy. He also shares his thoughts on how oil will continue to shape the economy in light of the rise of clean energy. David and Jim also discuss recent U.S. monetary policy and why interest rates have been so very low. David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth Jim Hamilton’s UC San Diego profile: http://econweb.ucsd.edu/~jhamilton/ Jim Hamilton’s Twitter: @JHamilton _UCSD Jim Hamilton's blog: http://econbrowser.com/ *Time Series Analysis* by James Hamilton https://www.amazon.com/Time-Analysis-James-Douglas-Hamilton/dp/0691042896