Oil price shocks and the macroeconomy
This paper examines the impact of oil price shocks and attempts to explain why the rise in oil prices up to 2008 had little impact on the world economy. It makes three main arguments. First, that oil prices have never been as important as is popularly thought. Second, that the most important route t...
Saved in:
| Volume: | 27 |
|---|---|
| Main Author: | Segal, Paul |
| Format: | Journal Article |
| Language: | English |
| Place of publication: |
Oxford University Press 2011 |
| published in: | Oxford Review of Economic Policy Vol. 27; no. 1; pp. 169 - 185 |
| Data of publication: | 2011 |
| Series: |
Oxford Review of Economic Policy |
| Online Access: | available in Bonn? |
| Database: | RePEc RePEc IDEAS Database information Databases - DBIS |