Effects of Oil Shocks on the Economy : A Review of the Empirical Evidence.

Examines impact on U.S. economy of sharp increases in oil prices, in light of historical trends indicating that recessions often follow price increases. Discusses theoretical considerations and policy implications of oil shocks, and reviews the empirical record regarding the relationship between the...

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Bibliographic Details

Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2004.
Series:	U.S. Congressional Research.
Subjects:	Business cycles. Economic policy. Monetary policy. Electronic books.
Online Access:	Connect to the full text of this electronic book