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oil price and inflation

oil price and inflation - Do High Oil Prices Presage...

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Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries By Michael LeBlanc Economic Research Service U.S. Department of Agriculture and Menzie D. Chinn LaFollette School of Public Affairs, University of Wisconsin Dept. of Economics, University of California, Santa Cruz February 19, 2004 Acknowledgements: We thank two anonymous referees and the editor Robert Crow for their helpful comments. Part of this work was conducted while the authors were staff members of the Council of Economic Advisers. None of the conclusions should be interpreted as representing the views of the U.S. Government or any other institutions the authors have been or are currently affiliated with. Correspondence: LeBlanc: Economic Research Service, 1800 M Street, NW, Washington, DC 20036. Tel.: (202) 694-5403. Email: [email protected] . Chinn: Economics Dept., University of Wisconsin, 1180 Observatory Drive, Madison, WI 53706. Tel.: (608) 262-7397. Email: [email protected] .
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