Elsinger, Johann; Fenz, Gerhard; Haar-Stöhr, Ingrid; … - In: Monetary Policy & the Economy (2005) 1, pp. 6-22
In 2004, despite the sudden jump in oil prices and the ballooning trade deficit, the U.S. economy grew by 4.4%, or more robustly than ever since 1999. In the same year, growth in consumer prices peaked at 3.3% — the highest level in four years. In early February 2005, the U.S. Fed raised its...
