ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Oil Price Shock

Keeping in view the current state of the Indian economy and the recent trends in oil prices, this article first considers the impact of a permanent oil price shock in a demand deficient economy. Second, the analysis focuses on the consequences of the shock in the absence of any slack. Third, it discusses if changes in the global economic scenario accompanying the oil shock call for a modification of the results of the analysis.

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