Greasing the wheel: Oil’s role in the global crisis
Greasing the wheel: Oil’s role in the global crisis / Lucas Chancel & Thomas Spencer, VoxEu.org, 16/05/2012
http://www.voxeu.org/index.php?q=node/7998
Between January 2002 and August 2008, the nominal oil price rose from $19.7 to $133.4 a barrel. This column gathers evidence on the role of this rise in prices in the global crisis. It suggests that oil prices had a direct impact on household expenditure on gasoline and increased mortgage delinquency rates. It adds that it also had many indirect impacts, notably though interest rate increases due to monetary policy…
OpenEdition vous propose de citer ce billet de la manière suivante :
Danièle Revel (4 juin 2012). Greasing the wheel: Oil’s role in the global crisis. Veille énergie climat. Consulté le 22 janvier 2025 à l’adresse https://doi.org/10.58079/o9pa
