Kaufmann, Robert; Karadeloglou, Pavlos; Mauro, Filippo di - European Central Bank - 2008
fuels over the forecast horizon. The above factors imply that oil prices are likely to continue to exceed the USD 70 to USD …At present, oil markets appear to be behaving in a fashion similar to that in the late 1970s and early 1980s when oil … prices rose sharply over an extended period. Furthermore, like at that time, analysts are split on whether such increases …