Bernanke On Oil Price Shocks

Mar 30, 2011 at 1:00 PM
DailyBail in Oil, bernanke, bernanke, federal reserve, federal reserve, monetary policy, oil, oil prices, oil shock

 

Monetary Policy And The Effects Of Oil Price Shocks

By Dr. Ben Bernanke

"...an important part of the effect of oil price shocks on the economy results not from the change in oil prices, per se, but from the resulting tightening of monetary policy.”

 

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).