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

A+| A| A-

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.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top