Oil shocks around the world: Are they really that bad

Oil shocks around the world: Are they really that bad ? / Tobias Rasmussen, Agustin Roitman, VoxEU.org, 25/08/2011

http://www.voxeu.org/index.php?q=node/6905

Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss is really necessary. It presents evidence of relatively small negative effects of oil price increases…


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