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Oil Price Has Less Of a Ripple Effect.
- Source :
-
Wall Street Journal - Eastern Edition . 03/20/2000, Vol. 235 Issue 56, pA1. 0p. - Publication Year :
- 2000
-
Abstract
- Focuses on the effect of oil prices on inflation in the United States. Details of a paper by macroeconomist Mark Hooker, which concludes that since 1980, changes in oil prices affect inflation only in proportion to oil's share of the inflation indexes; Suggestion that the US Federal Reserve's monetary policy is less accommodating to oil price shocks than it was before 1980; The notion that a nation can still grow without inflation amid high oil prices.
- Subjects :
- *PETROLEUM
*PETROLEUM product sales & prices
*PRICE inflation
*ECONOMICS
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 235
- Issue :
- 56
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 2895159