Tag: Monetary Policy

  • Why do Oil Shocks no Longer Shock?

    By: Paul Segal

    Oil prices and economic cycles have been firmly linked in the public imagination since the oil shocks of the 1970s, and the global recessions that followed. Spurred by these events, economists in the 1980s analysed the relationship in a number of econometric studies, demonstrating a negative correlation in the US and other industrial countries between […]