Journal Article
Why hasn't the jump in oil prices led to a recession?
Abstract: Oil prices have increased substantially over the last several years. When oil price increases of this magnitude occurred during the 1970s, they were associated with severe recessions. Why hasn't that happened this time around? This Letter explores some answers to that question.
Keywords: Recessions; Petroleum products - Prices;
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Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2005
Order Number: 31