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The Sensitivity of (he General Price Level to Changes in the Price of Crude Oil.

Authors :
Klein, Lawrence R.
Duggal, Vijaya G.
Saltzman, Cynthia
Source :
Business Economics; Oct2005, Vol. 40 Issue 4, p74-77, 4p, 5 Charts, 1 Graph
Publication Year :
2005

Abstract

This article discusses the sensitivity of the general price level to changes in the prices of crude oil. Since there are many direct and indirect effects of changing crude oil prices on the inflation rate, it is not surprising that there are different views about the resulting effects on the general price level and also on other aspects of the general economy.

Details

Language :
English
ISSN :
0007666X
Volume :
40
Issue :
4
Database :
Complementary Index
Journal :
Business Economics
Publication Type :
Academic Journal
Accession number :
19057805
Full Text :
https://doi.org/10.2145/20050407