Jimenez-Rodriguez, Rebeca; Sanchez, Marcelo - In: Applied Economics Letters 16 (2009) 16, pp. 1633-1638
Oil prices are found to exert nonlinear effects on major advanced economies. Real output's reaction is much more visible during the periods of high oil prices of the mid-1970s and early 1980s. Oil prices have had inflationary consequences in several economies not only in those two periods, but...