IDEAS home Printed from https://ideas.repec.org/a/pal/buseco/v40y2005i4p74-77.html
   My bibliography  Save this article

The Sensitivity of the General Price Level to Changes in the Price of Crude Oil

Author

Listed:
  • Lawrence R Klein

    () (Department of Economics, University of Pennsylvania, Philadelphia, PA, 19104, USA.)

  • Vijay G Duggal

    () (Department of Economics, Widener University, Chester, PA, 19013, USA.)

  • Cynthia Saltzman

    () (Department of Economics, Widener University, Chester, PA, 19013, USA.)

Abstract

There are many direct and indirect effects of changing crude oil prices on the inflation rate, so it is not surprising that there are different views about the resulting effects on the general price level and also on other aspects of the general economy. This study, estimates the direct and indirect effects of oil price changes on the economy-wide rate of inflation, which then has effects on spending and producing decisions. However, in this forum, we do not try to estimate the full indirect effects on the level of economic activity, such as effects on real GDP.Business Economics (2005) 40, 74–77; doi:10.2145/20050407

Suggested Citation

  • Lawrence R Klein & Vijay G Duggal & Cynthia Saltzman, 2005. "The Sensitivity of the General Price Level to Changes in the Price of Crude Oil," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 40(4), pages 74-77, October.
  • Handle: RePEc:pal:buseco:v:40:y:2005:i:4:p:74-77
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/be/journal/v40/n4/pdf/be200531a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: http://www.palgrave-journals.com/be/journal/v40/n4/full/be200531a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Klein, Lawrence R., 2006. "Issues posed by chronic US deficits," Journal of Policy Modeling, Elsevier, vol. 28(6), pages 673-677, September.
    2. repec:bap:journl:170304 is not listed on IDEAS

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:buseco:v:40:y:2005:i:4:p:74-77. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.palgrave-journals.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.