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Rising oil prices and economic turmoil: must they always go hand in hand?

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  • Kevin L. Kliesen

Abstract

When oil prices jump, people get jumpy-especially when the Fed is bumping up interest rate targets at the same time. Why? Because these two events have accompanied virtually every recession since World War II. At least until now.

Suggested Citation

  • Kevin L. Kliesen, 2001. "Rising oil prices and economic turmoil: must they always go hand in hand?," The Regional Economist, Federal Reserve Bank of St. Louis, issue Jan, pages 4-9.
  • Handle: RePEc:fip:fedlre:y:2001:i:jan:p:4-9
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