Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Oil Prices and Consumer Spending: A Reprint from the “Economic Quarterly”
Yash P. Mehra (au); Jon D. Peterson (au)
Empirical evidence suggests that oil price increases have a negative effect on spending whereas oil price declines have no effect. The estimated negative effect of an oil price increase on spending is larger if we focus on oil price increases that occur after a period of stable oil prices (net oil price increases), or if spending includes durables, the latter suggesting the possible negative influence of energy prices on the purchase of big-ticket consumption goods. Furthermore, the estimated oil price coefficients in the consumption equation do not show parameter instability during the 1980s, the period when oil prices moved widely for the first time in both directions. Charts and tables.
We the People: Voices & Images of the New Nation
Arizona Wetlands & Waterfowl
American Short Story, 1945-1980: A Critical History
My Father, My Self: Understanding Dad’s Influence on Your Life
Not Fade Away: The On-Line World Remembers Jerry Garcia
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.