While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in s

The global crude oil market is critically important in many respects. It is the fuel that drives the global economy and, as such, is the focus of climate polici

United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous sho

Economic Policy and the Great Stagflation discusses the national economic policy and economics as a policy-oriented science. This book summarizes what economist

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer