Interpreting the oil risk premium: Do oil price shocks matter?
نویسندگان
چکیده
منابع مشابه
Oil Price Shocks and Inflation
The historical record Figure 1 plots the price of oil relative to the core personal consumption expenditures price index (PCEPI) together with the core PCEPI inflation rate. (Core measures of inflation exclude food and energy prices.) The figure shows that the price of oil jumped sharply twice in the 1970s, as did inflation. But this relationship appears to have deteriorated over the latter par...
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ژورنال
عنوان ژورنال: Energy Economics
سال: 2020
ISSN: 0140-9883
DOI: 10.1016/j.eneco.2020.104906