Middle East Economic Survey
VOL. XLVIII
No 49
5-December-2005
OIL PRICES
Oil Price Volatility: A Threat Despite Limited Economic Impact So Far, Says Rogoff
Oil price volatility is still a major threat to global economic growth despite the well-supported and widely-held view that the high prices seen over the last two years have only had a more limited negative impact than the price shocks of the 1970s and 1980s, according to Kenneth Rogoff, Professor of Economics at Harvard University. In his paper...
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